Ticketmaster Entertainment Inc and Live Nation Inc may unveil a merger as soon as this week, creating a music industry powerhouse with a combined market value of over $700 million, a source briefed on the talks told Reuters Tuesday.
If the deal goes ahead, the marriage of the world’s biggest concert promoter and the leading ticketing and artist-management company will create a dominant force in the industry with ties to more than 200 artists such as the Eagles, Miley Cyrus, Christina Aguilera, Madonna and Jay-Z.
A successful deal will also crown Live Nation’s longstanding efforts to mold itself into a diversified conglomerate with businesses beyond concert promotion.
A source briefed on the matter told Reuters that talks are at an advanced stage, but could still fall apart over issues such as management control.
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Madonna out shopping with Lourdes and David in New York (February 01 2009)
Madonna with Brazilian model Jesus Luz in New York (February 01 2009)
Madonna with her kids and Guy Ritchie at the Kabbalah centre in New York (January 31 2009)