Earnings Preview: Ticketmaster 3Q Results Seen Up
LOS ANGELES (AP) Ticketmaster Entertainment Inc., the nation's largest ticket seller and proposed merger partner of Live Nation Inc., is scheduled to report its third-quarter earnings on Monday. The following is a summary of key developments and analyst opinion related to the period.
OVERVIEW: Both companies are waiting for the U.S. Justice Department to decide how to treat their merger after U.K. authorities came out against the deal, saying it could stifle the entry of a major competitor, Germany's CTS Eventim, into the U.K. market. The British regulators had initially said they would take until Nov. 24 to determine their course of action, but on Thursday extended the deadline for a final report to Jan. 19. The companies had earlier expected the deal to be complete by the end of the year. Ticketmaster also faces the possible loss of business of AEG Live, the owner of 130 venues including the Staples Center in Los Angeles, if it decides to terminate a deal with Ticketmaster in relation to the merger. AEG Live issued a letter reserving its right to do so earlier this year.- Loading Comments...
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