Regulators Look Closer At Ticketmaster-Live Nation
LOS ANGELES — The Department of Justice is asking Ticketmaster and concert promoter Live Nation for more information about their proposed merger.
It is the second request from the DOJ, indicating that it is scrutinizing the deal closer than most. The companies say on Friday that the request was expected, and that they’re co-operating with the antitrust investigation.
Ticketmaster Entertainment Inc. is the world’s largest seller of tickets to concerts and shows, and Live Nation Inc. is the largest U.S. operator of concert venues. Artists have expressed concern that a combination would lead to a near-monopoly on large-scale concerts.