Live Nation, Ticketmaster Merger Approved In UK

Live Nation, Ticketmaster Merger Approved In UK

Live Nation, Ticketmaster Merger Approved In UK
The UK's Competition Commission has concluded the proposed merger between Live Nation and Ticketmaster will not negatively impact the live music ticket market in the UK. The decision is a reversal from the CC's previous provisional ruling, which said the merger could inhibit the entrance of ticketing competitor CTS Eventim. Bodies in Norway and Turkey have also approved the merger, while rulings are still pending in the United States and Canada. (12/22)

WTO Rules China Illegally Restricted Imports
The World Trade Organization's appellate body today upheld an August ruling claiming China infringed upon international rules in restricting the United States with market access to DVDs, music and other cultural products. The ruling determined that China illegally deterred companies such as Apple from selling music downloads and forced media suppliers to go through state-owned companies to distribute goods. The United States and China are expected to enter negotiations to resolve the complaint. If an agreement is not reached, trade sanctions could be imposed against Chinese goods. (12/22)

Boyle Earns Top-Selling UK Album In 2009
Susan Boyle's I Dreamed A Dream is the year's top-selling album in the UK with sales of 1.4 million units in just four weeks, overtaking Lady Gaga's The Fame, according to Official Charts Company. Rounding out the UK's top five best-selling albums are Kings Of Leon's Only By The Night, Michael Bublé's Crazy Love, and the Black Eyed Peas' The E.N.D. (12/22)

Borders UK Stores Set To Close Today
All 45 Borders UK stores will close today as a result of administrators' failed attempts to find a buyer for the business. The chain, which sells music in addition to books and DVDs, confirmed a 90 percent reduction on remaining stock for its last day of trading today. Borders filed for administration last month after struggling to raise funds to trade through the holiday season. (12/22)
 

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