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The Department of Justice has approved the Live Nation/Ticketmaster merger. The long feared super company will now be called Live Nation Entertainment. The massive merger brings together the nation's largest ticketing company with a plethora of major venues, the nation's largest event promoter and Irving Azoff's Front Line Management group.
According to the official press release, “Live Nation Entertainment's mission will be to improve the live entertainment experience and to drive major innovations in ticketing technology, marketing and service. Through this merger, the parties believe that the combined company will have the tools to develop new products, expand access, improve transparency and deliver artists and fans more choice. This will drive greater attendance at live events and bringing more value to all major constituents in the industry."
For more on Live Nation Entertainment, including a few restrictions that were handed down by the DOJ, please go here.
