Posted on Wednesday, February 04, 2009 5:24 PM
Ticketmaster and Live Nation merger? Welcome to hell if it actually happens. Concert ticket prices will get through the roof.
Ticketmaster Entertainment Inc. and Live Nation Inc. are close to a merger, people familiar with the matter said, in a deal that would consolidate two of the most powerful forces in the music industry under one roof.
The combined company would be called Live Nation Ticketmaster, and would merge the world's biggest concert promoter with the world's dominant ticketing and artist-management company. The resulting firm would be able to manage everything from recorded music to ticket sales and tour sponsorship. It could package artists in new ways, for example, allowing corporations such as a cellphone provider to sponsor a concert tour and to sell an exclusive download of a song.
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(Thru week4paug.net)
# re: Ticket Bastard Live Nation merger
2/9/2009 1:24 AM by
I suppose the next logical step will be for them to acquire one or more of the 4 'major' labels just to streamline the operations side.
On the other hand, such a conglomeration can only be good news for for independents everywhere I hope.
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