Lawmakers Cite Antitrust Concerns With Ticketmaster-Live Nation Merger

July 28, 2009

(ChattahBox)—A group of 50 bipartisan lawmakers signed a letter to the Justice Department alarmed at the proposed merger between two entertainment giants Ticketmaster and Live Nation, asking the department to review the merger with “great skepticism,” concerned that the merger would grant a virtual stranglehold over the industry.

Similarly, Senator Herb Kohl of Wisconsin, the Chairman of the Antitrust, Competition Policy and Consumer Rights Subcommittee issued a letter to Assistant Attorney General Christine A. Varney, requesting that the Justice Department approve the merger “only if it finds that it likely will not substantially reduce competition in the concert ticketing and promotion markets.”

Consider the monopoly the merged enterprise would enjoy over entertainment events, ticketing and pricing. Ticketmaster, the nation’s biggest ticketing service, also owns Front Line Management and TicketsNow. Live Nation is a major entertainment promoter, which owns dozens of concert venues and runs its own ticketing service.

After recent merer negotiations, the two companies announced the plan to merge as one enterprise, named Live Nation Ticketmaster by February 2009.

The lawmakers are concerned that once Live Nation is removed as a competitor in the ticketing business, consumers will have no other alternative.

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2 Responses to “Lawmakers Cite Antitrust Concerns With Ticketmaster-Live Nation Merger”

  1. Entertainment-Law » Wisconsin Governor Doyle Defends Gay Partner Law | I Said I Do® Today on July 29th, 2009 5:12 am

    […] Lawmakers Cite Antitrust Concerns With Ticketmaster-Live Nation …(ChattahBox)—A group of 50 bipartisan lawmakers signed a letter to the Justice Department alarmed at the proposed merger between two entertainment giants. […]

  2. Senator Urges Scrutiny of Ticketmaster Deal | Ticket Tips and News on July 29th, 2009 11:47 pm

    […] Lawmakers Cite Antitrust Concerns With Ticketmaster-Live Nation … […]

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