Groupon and Live Nation just announced they are partnering to develop, GrouponLive, an online ticketing deal channel. As explained in today’s press release, the new site will help consumers find “high-value tickets to concerts, sports, theater, arts and other live events, while serving as a timely and effective way for merchants to sell more tickets.”

Andrew Mason, founder and CEO of Groupon said,

“With unprecedented access to Live Nation’s expansive roster of performers and events, GrouponLive will be the destination for exclusive live event deals. We’re excited to work with Live Nation to further deliver on our commitment to offer amazing local experiences to our subscribers.”

GrouponLive is planed in launch in time for this summer’s concert season.