NEW YORK (TheStreet) -- Liberty Media (LMCA)CEO Greg Maffei wantsLive Nation (LYV - Get Report)and Sirius XM Holdings (SIRI - Get Report)to work together, and Wall Street analysts couldn't agree more. <\/p>\n
Liberty Media, which is a major shareholder in both companies, would like the concert promoter and the satellite-radio broadcast operator to cross-promote their services, which are both in the music and entertainment business. But Maffei, in a talk at aDeutsche Bank investor conference this week in Palm Beach, Fla.,appeared frustrated that the two companies haven't done more to collaborate. <\/p>\n
\"Using Live Nation to differentiate Sirius and using Sirius to promote Live Nation is very logical,\" said Maffei. \"But I remain somewhat disappointed that more things haven't happened there,\" he said. Live Nation, he said, has a lot of unique elements that it has demonstrated through deals, including a pact with Yahoo! (YHOO) that included the streaming of concerts.Sirius, whose receivers now come standard in many new cars, has appeal with higher-income customers who are probably buyers of tickets to concerts promoted by Live Nation. <\/p>\n
\"I'd say honestly we haven't done as well together on that,\" said Maffei, a member of Live Nation's board of directors. \"That is probably my fault.\" <\/p>\n
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At Liberty's Urging, Live Nation, Sirius Say They're Forging Closer ties<\/a><\/p>\n","protected":false},"excerpt":{"rendered":" NEW YORK (TheStreet) -- Liberty Media (LMCA)CEO Greg Maffei wantsLive Nation (LYV - Get Report)and Sirius XM Holdings (SIRI - Get Report)to work together, and Wall Street analysts couldn't agree more. Continue reading