Live Nation, Ticketmaster Merger Review Re-Opened

Live Nation, Ticketmaster Merger Review Re-Opened

Live Nation, Ticketmaster Merger Review Re-opened
UK's Competition Commission has re-opened its investigation of the merger between Live Nation and Ticketmaster following an appeal from German ticketing company CTS Eventim. CTS Eventim's appeal claims they were denied an opportunity to formally comment on the merger, which was previously approved by the CC in December. The investigation will remain open for a maximum of three months, during which time CTS Eventim will be able to comment. The Live Nation/Ticketmaster merger was approved in the United States in January. (2/11)

MySpace CEO Exits
MySpace CEO Owen Van Natta has exited the company, a move coming less than a year after he replaced MySpace founder Chris DeWolfe. While a replacement has not been named, Chief Product Officer Jason Hirschhorn and COO Mike Jones have been elevated to co-presidents, and both will report to Jon Miller, chairman and CEO of digital media for MySpace parent company NewsCorp. (2/11)

Activision Reports Loss, Music Titles To Be Reduced
Activision Blizzard
reported a loss of $286 million for its fourth quarter ending Dec. 31, approximately quadruple the loss of $72 million from the year-ago quarter, and a 5 percent revenue decline to $1.6 billion. The company, which produces "Guitar Hero" and related spinoffs, will reduce its music titles in 2010 due to a weaker market in the casual and music gaming genres. (2/11)
 

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