WASHINGTON D.C. (CelebrityAccess MediaWire) — The Department of Justice has dispensed with concerns raised by a number of competitors about the effects of the Live Nation/Ticketmaster merger on the live entertainment business. The concerns were raised as a part of a 60 day comment period, required by regulations after a merger is completed.
Availing themselves of the public comment period, numerous promoters and venue owners submitted comment briefs, including Jerry Mickelson's Jam Productions, Seth Hurwitz' IMP, Jack Orbin of Stone City Attractions and the Boston club The Middle East.
After consideration however, the DoJ found that the remedies they imposed on Live Nation and Ticketmaster in January, were satisfactory.
"After careful consideration of the comments, the United States continues to believe that the proposed Final Judgment will provide an effective and appropriate remedy for the antitrust violations alleged in the Amended Complaint. The United States will move the Court, pursuant to 15 U.S.C. § 16(b)-(h), for entry of the proposed Final Judgment after the public comments and this Response have been published." the DoJ finding read.
The matter will now proceed to a federal court for further consideration. To see the lengthy brief, check it out at the DoJ website here. – CelebrityAccess Staff Writers