Monday 9 May 2011

Groupon and Live Nation Entertainment Form Joint Venture to Launch New Online Ticketing Deals Marketplace

Groupon and Live Nation Entertainment, Inc. (NYSE: LYV) today announced that they have a formed a joint venture to develop a new online ticketing deals channel, GrouponLive.

GrouponLive will serve as a local resource for Live Nation events and clients of its global ticketing business, Ticketmaster. The site will be a groundbreaking resource for consumers to find high-value tickets to concerts, sports, theater, arts and other live events, while serving as a timely and effective way for merchants to sell more tickets. Financial terms of the deal were not disclosed. Launch is planned in time for the summer concert season.

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Groupon and Live Nation Entertainment Form Joint Venture to Launch New Online Ticketing Deals Marketplace