Groupon and Live Nation are teaming up to launch GrouponLive, an online marketplace for ticket deals.
GrouponLive will be a local resource for Live Nation events and Ticketmaster clients. “The site will be a groundbreaking resource for consumers to find high-value tickets to concerts, sports, theater, arts, and other live events, while serving as a timely and effective way for merchants to sell more tickets,” said a press release. The site, which will be launched in time for the summer concert season, will offer limited-time discounts on events across North America.
In the release, both companies thanked angel investor Guy Oseary, an event promoter and artist manager (namely, Madonna’s) who has worked with Live Nation and is also a member of Groupon’s advisory board, saying that he was “instrumental in helping develop the partnership.” Financial terms of the deal haven’t been made public.