Economists from Charles River Associates Provide Antitrust Analysis In Live Nation and Ticketmaster Entertainment Merger
BOSTON, Feb 04, 2010 (BUSINESS WIRE) -- Charles River Associates (NASDAQ: CRAI), a worldwide leader in providing management, economic, and financial consulting services, today announced that the Company assisted Live Nation Inc. with securing antitrust clearance from the US Department of Justice (DOJ) for its merger with Ticketmaster Entertainment. The merger creates the world's largest live entertainment and event ticketing company.
Vice President Andrew Dick led a team of CRA economists who helped Live Nation achieve DOJ clearance subject to consent provisions that still allow the merged firm to focus on its goal of enhancing the live entertainment experience for consumers and artists. CRA economists combined rigorous theoretical analysis with innovative empirical studies to analyze competition in concert promotions, artist tour routing, venue selection, and other competitive issues in the live entertainment industry. The Washington, DC-based CRA economics team also included Vice Presidents John Woodbury and Serge Moresi and Principal Jeff Prisbrey.
Partner Karen Silverman of Latham & Watkins LLP, which served as counsel for Live Nation, commented: "Andrew Dick and CRA provided invaluable support and assistance as we worked through a rigorous DOJ review process."
Mr. Paul Maleh, CRA's President and Chief Executive Officer, said, "Charles River Associates is pleased to have assisted Live Nation in securing antitrust clearance for its merger with Ticketmaster. Our consultants regularly advise on precedent-setting and industry-changing transactions, and our economic and antitrust expertise provided in this matter is another example of our work in this area."
About Charles River Associates (CRA)
Founded in 1965, Charles River Associates® is a leading global consulting firm that offers economic, financial and business management expertise to major law firms, businesses, accounting firms and governments. The Company's consultants combine uncommon analytical rigor with practical experience and in-depth understanding of industries and markets. CRA is adept at handling critical, tough assignments with high-stakes outcomes. The Company's analytical strength enables it to reach objective, factual conclusions that help clients make important business and policy decisions and resolve critical disputes. Headquartered in Boston, CRA has offices throughout North America, Europe, the Middle East, and Asia. Detailed information about Charles River Associates, a registered trade name of CRA International, Inc., is available at http://www.crai.com/.
SOURCE: Charles River Associates
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