The merger deal struck by Ticketmaster Entertainment and Live Nation suffered a further setback yesterday after UK antitrust authorities poured cold water on their plans to create a live music powerhouse.
In a provisional ruling, the Competition Commission said the tie-up between the US's top ticket seller and the world's largest concert promoter could “severely inhibit” a new rival from competing in the UK ticket retailing market.
The combined group – which would also span artist management and venue ownership globally – could lead to higher prices and poorer service for consumers and stifle innovation, the commission said.
您已閱讀34%（630字），剩余66%（1245字）包含更多重要信息，訂閱以繼續探索完整內容，并享受更多專屬服務。