- Lendlease Global Commercial REIT is collaborating with Live Nation’s international division in charge of concert promotion in overseas markets. Thus, live events organised for the multi-functional space at Grange Road Car Park would not be affected in the unexpected event that Ticketmaster is separated from Live Nation.
DOJ launched lawsuit against Live Nation-Ticketmaster.
- - Read this at SGinvestors.io -
- Ticketmaster has exclusive long-term ticketing contracts with many concert venues, some lasting over a decade, which prevents them from using other ticketing service providers.
- - Read this at SGinvestors.io -
Breaking up is hard to do.
- The legal bar for breaking up companies is high. DOJ would have to demonstrate that the antitrust violations are pervasive and could only be resolved by breaking Live Nation into two companies. Live Nation has argued that prices of tickets are set by artists and would remain high as long as demand is strong while supply is low.
- Many investors expect a settlement between Live Nation and DOJ that requires behavioural changes, rather than structural separation. Live Nation’s share price dropped 16% in April but has rebounded 5% in May.
Unruffled by potential structural separation of Live Nation.
- Read more at SGinvestors.io.
