Live Nation Settles Suit With Ticketing Start-Up, Buying Its Assets<br />Matt Jones, the chief executive of Songkick’s parent company, Complete Entertainment Resources Group, thanked employees<br />and artists “who contributed so much to our many successes over the last decade.”<br />Last summer, Songkick sold one of its main businesses, a concert-recommendation app, to the Warner Music Group<br />— owned by one of Songkick’s major investors, Access Industries — and later shut down its remaining operations<br />But on Friday, less than two weeks before the start of a trial, Live Nation announced<br />that it had settled the suit for $110 million and an additional undisclosed sum to acquire some of Songkick’s remaining technology assets and patents.
