The boards of Live Nation and Ticketmaster agreed on Monday to merge their companies — possibly creating a concert and live entertainment monster.

“In announcing the deal Tuesday morning the companies said they plan an all-stock merger of equals. The combined company will be called Live Nation Entertainment.”

“Bruce Springsteen, already furious with Ticketmaster for directing fans to a subsidiary selling tickets for above-face value, recently posted a statement on his website saying a deal with Live Nation could end up “returning us to a near-monopoly situation in music ticketing.”

As always, the companies will claim that consumers will benefit. For example, it will be easier to buy tickets and select seats – causing less confusion.