Ticketmaster has settled its lawsuit with Songkick and agreed to pay $110 million to the owners of the Songkick. As part of the settlement, Ticketmaster will acquire the remaining assets of Songkick. The settlement comes just weeks before the case was set to go to trial.
“We are pleased that we were able to resolve this dispute and avoid protracted and costly legal proceedings, while also acquiring valuable assets,” said Joe Berchtold, President of Live Nation.
“We are glad to have resolved this litigation and thank all the employees, artists and industry partners who contributed so much to our many successes over the last decade,” said Matt Jones, Chief Executive Officer of CERG.