LONDON (CelebrityAccess MediaWire) — Ticketmaster and Live Nation today welcomed the UK Competition Commission’s decision to clear the proposed merger of the two companies, paving the way for the creation of the world’s premiere live entertainment company.
Clearance of the proposed merger in the UK follows regulatory approval in Norway and Turkey
Separate regulatory reviews are continuing in the United States and Canada, where the parties remain optimistic there will be a successful outcome.
Chris Edmonds, Managing Director of Ticketmaster UK, said: “We are very pleased with the
Competition Commission’s decision to clear the merger. Today’s clearance is an important milestone in the regulatory review process, and brings the companies a step closer to creating a new kind of live entertainment business.”
The two companies now aim to build a more efficient and effective live music business
enhancing services for consumers, artists, venue operators and other stakeholders.
Paul Latham, Chief Operating Officer and Head of UK Operations for Live Nation said the course of this merger process, we have listened to our fans, artists and other parties. And we have reassured them that by combining the resources of these two companies, we will deliver a better live music experience for the entire sector.” –by CelebrityAccess Staff Writers