NEW YORK (AP) -- 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 based in Chicago that offers hundreds of daily discounts in 500 markets, and Los Angeles-based 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.
On the Web: www.grouponlive.com
(Copyright 2011 by The Associated Press. All Rights Reserved.)