Live Nation Settles Suit With Ticketing Start-Up, Buying Its Assets
- 6 years ago
Live Nation Settles Suit With Ticketing Start-Up, Buying Its Assets
Matt Jones, the chief executive of Songkick’s parent company, Complete Entertainment Resources Group, thanked employees
and artists “who contributed so much to our many successes over the last decade.”
Last summer, Songkick sold one of its main businesses, a concert-recommendation app, to the Warner Music Group
— owned by one of Songkick’s major investors, Access Industries — and later shut down its remaining operations
But on Friday, less than two weeks before the start of a trial, Live Nation announced
that it had settled the suit for $110 million and an additional undisclosed sum to acquire some of Songkick’s remaining technology assets and patents.
Matt Jones, the chief executive of Songkick’s parent company, Complete Entertainment Resources Group, thanked employees
and artists “who contributed so much to our many successes over the last decade.”
Last summer, Songkick sold one of its main businesses, a concert-recommendation app, to the Warner Music Group
— owned by one of Songkick’s major investors, Access Industries — and later shut down its remaining operations
But on Friday, less than two weeks before the start of a trial, Live Nation announced
that it had settled the suit for $110 million and an additional undisclosed sum to acquire some of Songkick’s remaining technology assets and patents.