Daily deals and group buying site Groupon announced on May 9 the planned development of GrouponLive, an online ticketing site.

Groupon's latest venture - GrouponLive - will be developed in partnership with ticketing organization Live Nation Entertainment which itself is composed of various ticketing sites including Ticketmaster.com.

According to the May 9 press release, GrouponLive is expected to launch in time for the "summer concert season," and will offer limited-time deals on tickets to a variety of events across North America.

Daily deal or group buying sites are a growing trend around the world; in response to this trend Amazon has developed Living Social ( www.livingsocial.com), Google is currently testing Google Offers (https://www.google.com/offers) in certain US cities, and Facebook launched Facebook deals http://www.facebook.com/deals across some US and European cities. In addition too these heavyweight companies, numerous other local and regional group buying sites also exist.

GrouponLive can be accessed via: http://www.groupon.com/live

Tickets to events around the world can still be bought through Live Nation ( www.livenation.com), Ticketmaster ( www.ticketmaster.com) and other sites.