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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
Source: groupon.com
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.

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