Live Nation acquires Songkick assets, settles suit
The Live Nation-CERG legal dispute will no longer go to trial, following several acquisitions and a rumoured $110 million settlement pay-out
News By | 12 January 2018
Live Nation today announced the acquisition of much of the remaining assets of the company formerly known as Songkick, Complete Entertainment Resources Group (CERG), settling out of court a costly legal dispute set to go to trial later this month.
Songkick’s concert discovery platform was acquired by Warner Music Group last July – an acquisition that specifically excluded its ticketing business, formerly known as Crowdsurge, and the “pending litigation” associated with it. As of October, a “skeleton crew” of around a dozen ticketing staff had been retained to work full time on the court case.
Live Nation’s acquisitions include Songkick’s ticketing platform, anti-touting algorithm, API applications and portfolio of patents, all of which it acquired for an undisclosed sum.
“We are pleased that…
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