Live Nation Acquires Songkick Assets - KCTV5

Live Nation Acquires Songkick Assets

Information contained on this page is provided by an independent third-party content provider. Frankly and this Site make no warranties or representations in connection therewith. If you are affiliated with this page and would like it removed please contact pressreleases@franklyinc.com

SOURCE Live Nation Entertainment

- Companies Settle Litigation -

LOS ANGELES and LONDON, Jan. 12, 2018 /PRNewswire/ -- Live Nation Entertainment, Inc. ("Live Nation") and Complete Entertainment Resources Group, Inc. and related entities formerly known as Songkick ("CERG") announced today that Live Nation has acquired certain assets from CERG, including CERG's ticketing commerce platform, anti-scalping algorithm, API applications and patent portfolio. The two companies also announced that they have agreed to a settlement resolving litigation that was scheduled to go to trial later this month.

"We are pleased that we were able to resolve this dispute and avoid protracted and costly legal proceedings, while also acquiring valuable assets," said Joe Berchtold, President of Live Nation.

"We are glad to have resolved this litigation and thank all the employees, artists and industry partners who contributed so much to our many successes over the last decade," said Matt Jones, Chief Executive Officer of CERG.

About Live Nation Entertainment

Live Nation Entertainment (NYSE: LYV) is the world's leading live entertainment company comprised of global market leaders: Ticketmaster, Live Nation Concerts, and Live Nation Media & Sponsorship. For additional information, visit www.livenationentertainment.com.

About Complete Entertainment Resources Group

CERG (Songkick) was founded in 2008 and became one of the world's largest concert discovery and artist ticketing platforms. In July 2017, CERG sold the Songkick discovery platform to Warner Music Group and in October 2017 shuttered its artist ticketing business.

 

Cision View original content:http://www.prnewswire.com/news-releases/live-nation-acquires-songkick-assets-300582116.html

©2017 PR Newswire. All Rights Reserved.

Powered by Frankly
KCTV 5 News

Online Public File:
KCTV  KSMO

Powered by WorldNow CNN
All content © 2018, KCTV; Kansas City, MO. (A Meredith Corporation Station) . All Rights Reserved.
For more information on this site, please read our Privacy Policy, and Terms of Service, and Ad Choices.