By Simon Vozick-Levinson
February 10, 2009 at 11:00 PM EST

Ticketmaster and Live Nation have confirmed earlier reports that they plan to merge, according to the Associated Press. The deal, which may still be subject to an antitrust review, will create a single company called Live Nation Entertainment whose activities will encompass concert promotion, event ticketing, artist management, and more. “Being able to put Live Nation and Ticketmaster into an equalpartnership will allow the companies to get through this difficultperiod and be able to expand live entertainment options to audiencesthroughout the world,” said Ticketmaster Chairman Barry Diller in astatement.