Groupon, Live Nation Form Online Ticketing Site

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Concert promoter Live Nation Entertainment Inc. and online deal site Groupon are forming a venture to develop an online ticketing deal Web site called GrouponLive.

Financial terms were undisclosed. The site is expected to go live ahead of the summer concert season.

Groupon, a rapidly growing service that offers hundreds of daily discounts in 500 markets, and Live Nation, which acquired Ticketmaster last year, say the site will offer deals on tickets to concerts, sports, theater, arts and other live events.

Led by Groupon, daily-deal ticket sites have proliferated over the past year.

Copyright AP - Associated Press
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