Groupon, Live Nation Form Online-Ticket Deal Site

Concert promoter Live Nation Entertainment and online deal site Groupon are forming a venture to develop an online ticketing deal Web site called GrouponLive.

Groupon Live
Groupon Live

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.