Billboard is reporting that Ticketmaster and Cablevision (Madison Square Garden, Fuse) are on the verge of collectively acquiring a 49% stake in AEG Live, the second-largest concert promoter in the United States. AEG’s tours took in $742 million last year.

According to sources, Fuse is in fact a key part of the deal, and the channel will be aggressively rebranded so that it can show the world that “AEG Live [is] a company now armed with a large media component and the world’s largest ticketing company in Ticketmaster.”