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.
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SOURCE Live Nation Entertainment