Live Nation acquires Songkick assets, settles suit

Remigio Civitarese
Gennaio 14, 2018

The suit between David and Goliath included accusations that Live Nation had abused its market power.

Ticketmaster has settled its lawsuit with Songkick and agreed to pay $110 million to the owners of the Songkick.

Songkick contended that Live Nation was interfering in its business by blocking its access to presale tickets and by demanding fees on the sale of tickets that Songkick handled.

Matt Jones the CEO for the parent company of Songkick, Complete Entertainment Resources Group, thanked artists and employees who had contributed much to their many successes the past decade.

Songkick was founded in 2008 as a concert discovery and artist ticketing platform; the discovery portion was sold last summer to Warner Music Group.

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

Songkick originally filed against Ticketmaster, claiming the small start up had rights to ticket sales.

Songkick, which offered both a music discover app and a fan club ticketing platform, sued Live Nation alleging anti-competitive practices and illegal access to proprietary company information in federal court. But Live Nation, which countersued, argued that its contracts with venues gave it the right to determine how those tickets should be sold. Mead and Zeeshan Zaidi - a Senior VP in charge of Artist Services, who produced the presentation mentioned above - were confirmed to no longer be employed by the Ticketing giant after a large number of documents related to the case were released in the fall. The settlement comes just weeks before the case was set to go to trial.

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