The CC has cleared the proposed merger of Ticketmaster and Live Nation in the UK. The CC concluded in its final report that the merger will not result in a substantial lessening of competition in the market for live music ticket retailing or in any other market in the UK.
The main concern identified in the CC's provisional findings was that prior to the proposed merger, Live Nation had signed an agreement with Ticketmaster’s competitor, CTS Eventim (“Eventim”) which would provide Live Nation with ticketing software and services. However, the CC has found that the merger will make little difference to the prospects of Eventim’s success in the UK and this was noted by the fact that prior to the announcement of the merger, Live Nation had never intended to support Eventim’s entry into the UK beyond its obligations under the agreement, which would remain unchanged by the merger.
56/09 – 22 December 2009