Concert promoter Live Nation said on Friday it will launch its own ticketing business next year after it ends a relationship with Ticketmaster, the dominant box office service. The announcement is part of a strategy shift by Live Nation to provide a complete pipeline of marketing, ticketing and merchandising services for artists and events, creating new competition for Ticketmaster and music labels alike. It will sell tickets for its own concerts and for third-party events. "We will have a fully operational new ticketing company and reach a new milestone in this journey," Live Nation Chief Executive Michael Rapino said on a conference call. (Reuters)
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