Ticketmaster Receives Subpoenas

0

Ticketmaster Entertainment Inc. said Friday it has received demands for information from the U.S. Justice Department and other government agencies investigating the company’s activities in reselling concert tickets.

The company sent an email Friday to ticket brokers who use the company’s TicketsNow Web site saying that it had received subpoenas or other demands for information from the Justice Department, the Federal Trade Commission, the New Jersey Attorney General and the Canadian Competition Bureau, “among others.” The company confirmed that the email was authentic but declined further comment.

Ticketmaster’s proposed merger with concert promoter Live Nation Inc. is already under review by the Justice Department’s antitrust division; it was unclear from the company’s email whether any of the subpoenas in question were issued as part of that regulatory review or came from a separate investigation.




Read the full

Reuters

story.




Read the full

Wall Street Journal

story (subscription required).

No posts to display