Live Nation Acquires Songkick Assets

New York, NY (Top40 Charts) Live Nation Entertainment, Inc. ("Live Nation") and Complete Entertainment Resources Group, Inc. and related entities formerly known as Songkick ("CERG") announced today that Live Nation has acquired certain assets from CERG, including CERG's ticketing commerce platform, anti-scalping algorithm, API applications and patent portfolio. The two companies also announced that they have agreed to a settlement resolving litigation that was scheduled to go to trial later this month.

"We are pleased that we were able to resolve this dispute and avoid protracted and costly legal proceedings, while also acquiring valuable assets," said Joe Berchtold, President of Live Nation.

"We are glad to have resolved this litigation and thank all the employees, artists and industry partners who contributed so much to our many successes over the last decade," said Matt Jones, Chief Executive Officer of CERG.