The Competition and Markets Authority (CMA) has been investigating the proposed takeover by LN-Gaiety Holdings Limited – a joint venture between Live Nation Entertainment Inc (Live Nation) and Gaiety Investments – of MCD Productions Unlimited Company (MCD).
Both companies run music festivals, whilst MCD also promotes live music events. Live Nation manages artists, operates venues and provides ticketing services through Ticketmaster – which it owns.
Following its initial Phase 1 investigation, the CMA is concerned that the deal could result in less competition in the music promotion industry in Northern Ireland.
Full Content: Gov UK