Live Nation Entertainment has submitted a proposal to buy SMG, the company that operates Royal Farms Arena in Baltimore and many other venues, according to a SportsBusiness Journal report.
The two companies already work together closely. Live Nation’s Ticketmaster handles ticket sales for SMG and the two companies jointly operate Pier Six Pavilion in Baltimore, for example.
Based in Beverly Hills, Calif., the promoting and ticketing giant Live Nation Entertainment was created by the merger of Live Nation and Ticketmaster. It already runs about 40 venues around the world, including The Fillmore Silver Spring, Warner Theatre in Washington and Jiffy Lube Live in Northern Virginia.
Acquiring Pennsylvania-based SMG’s 200 convention centers, exhibition halls and trade centers, arenas, stadiums, theaters and other venues would make Live Nation the world’s biggest promoter and facility management firm, the SportsBusiness Journal reported.
Such a deal could draw scrutiny from federal antitrust regulators and put even more pressure on smaller concert promoters, such as AEG, Spectra, OVG Facilities, VenuWorks and IMP, as they vie for acts. AEG runs Rams Head Live in Baltimore.
Live Nation and SMG did not respond to requests for comment.