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Business News Live Business
LiveMaster bosses cautious about sudden profit turnaround
By CMU Editorial | Published on Friday 26 February 2010
Bosses at the newly merged Live Nation Entertainment have warned investment types that they shouldn’t expect a big profits boost in 2010. Some had hoped that the merger of Live Nation and Ticketmaster would result in some considerable quick efficiencies at the two companies, which would more than cover any merger costs and result in increased profits.
LiveMaster execs said yesterday that the Live Nation part of the business will see only moderate growth this year, while Ticketmaster profits will be static or slightly down. The benefits of the merger won’t show until 2011.
