View unanswered posts | View active topics
|
Page 1 of 1
|
[ 8 posts ] |
|
Author |
Message |
Linda
IMWAN Admin |
Post subject: Ticketmaster and Live Nation to merge Posted: Tue Feb 10, 2009 12:20 pm |
|
 |
Helpful Librarian
|
Joined: | Day WAN |
Posts: | 197047 |
Location: | IMWAN Towers |
Bannings: | If you're not nice |
|
http://www.nme.com/news/various-artists/42676Ticketmaster and Live Nation to merge
Feb 10, 2009
Two of the world's biggest music businesses, Ticketmaster and Live Nation, are reportedly set to announce they have signed a merger.
If confirmed, the deal would create one of the most powerful groups in the music industry, taking in venue ownership, ticketing and artist management. The two companies would act under the name Live Nation Entertainment.
Politicians and artists have voiced opposition against the move, with Bruce Springsteen saying a merger would create "a near monopoly situation in music ticketing".
If the merger is approved, the joint company would be valued at $2.5 million, reports eFlux.com.
The news comes one day after it was announced that Ticketmaster is being sued for $500 million by two law firms over allegedly redirecting customers from its website to another site selling tickets at inflated prices.
As NME.COM previously reported, fans trying to buy tickets to see Bruce Springsteen through Ticketmaster were recently redirected from the site to TicketsNow.com, which charged hundreds of dollars more for tickets - despite face value tickets still being available.
Two Canadian law firms, Sutts, Strosberg in Toronto and Branch McMaster in Vancouver, have now filed lawsuits against Ticketmaster, citing complaints from clients who had tried in vain to purchase face value tickets from the Ticketmaster website.
_________________
|
|
Top |
|
 |
alantig
|
Post subject: Ticketmaster and Live Nation to merge Posted: Sat Feb 14, 2009 9:06 pm |
|
 |
Puppy Monkey Alan!
|
Joined: | 20 Sep 2006 |
Posts: | 15807 |
Bannings: | Dwigt Rortugal |
|
Hopefully the DOJ won't roll over on this. LN was poised to actually compete w/TM on some fronts, but I'm beginning to think it was a ploy to force TM's hand. I don't think this would be good for concertgoers in any way.
Well, let me rephrase that. It's good for a couple chuckles. I did read somewhere that someone said this would be good for concertgoers because it would force artists to deal with only one company, and thus the merged company would be able to get reduced artist fees and drive the price of tickets down. I almost peed my pants on that one.
Alan
_________________ Alan
"This is a true story, except for the parts that didn't happen." - Steven Wright
Last edited by alantig on Sat Feb 14, 2009 11:37 pm, edited 1 time in total.
|
|
Top |
|
 |
Jon Tyler
|
Post subject: Ticketmaster and Live Nation to merge Posted: Sat Feb 14, 2009 10:45 pm |
|
Joined: | 24 Sep 2006 |
Posts: | 3148 |
Location: | Upstate NY |
|
I was told by the manager of a few nationally-known bands that it is illegal for his company to act as a booking agency as well. I didn't really ask him to explain the reasons; but I suspect that those reasons are the same things that the DOJ needs to investigate.
_________________ Don't let nobody take away your smile - Don't let nobody change your funky style. (Eric Lindell)
|
|
Top |
|
 |
prinny
|
Post subject: Ticketmaster and Live Nation to merge Posted: Mon Feb 16, 2009 1:15 pm |
|
Joined: | 31 Oct 2006 |
Posts: | 143 |
|
fuckin' monopolistic bastards! 
|
|
Top |
|
 |
Linda
IMWAN Admin |
Post subject: Ticketmaster and Live Nation to merge Posted: Wed Jun 10, 2009 1:31 pm |
|
 |
Helpful Librarian
|
Joined: | Day WAN |
Posts: | 197047 |
Location: | IMWAN Towers |
Bannings: | If you're not nice |
|
http://www.nme.com/news/u2/45241 Ticketmaster and Live Nation merger in jeopardy
Jun 10, 2009
A planned $700m (£428.5m) merger between ticket agency Ticketmaster and promoter Live Nation has been referred to the UK Competitions Commission by the Office Of Fair Trading (OFT).
The two music corporations announced they were to merge in February, effectively creating one of the world's most powerful music groups.
However, the OFT says it is concerned that the merger will result in live music competitors being forced out of the market.
"The OFT believes that there is a realistic prospect of a substantial lessening of competition resulting from the proposed merger," a statement said.
A ruling by the Competition Commission is due by November 24, reports the BBC.
As well as owning music venues across the world, Live Nation also acts as a promoter for a number of high-profile acts including U2 and Madonna.
Dave Newton, business development director at rival ticket agency WeGotTickets, said that the merger would see music fans losing out.
"If you go wanted to see U2 for example, then you would have the same company which owned the rights to the artist, might well own the venue, is the promoter and is selling tickets on the primary and secondary markets as well," he explained.
"There's not much room for competitive pricing in that chain, and I really can't see the upside for fans."
In February, the US justice department launched it's own investigation into the merger.
_________________
|
|
Top |
|
 |
Steve
|
Post subject: Ticketmaster and Live Nation to merge Posted: Wed Jun 10, 2009 3:05 pm |
|
 |
What do you call a camel with three humps?
|
Joined: | 21 Oct 2004 |
Posts: | 58174 |
Location: | Indiana |
|
If the antitrust people don't crack down on this, then they have no power. If TicketNation isn't a monopoly, then nothing is.
|
|
Top |
|
 |
JohnG
ICE Mod |
Post subject: Ticketmaster and Live Nation to merge Posted: Wed Jun 10, 2009 4:18 pm |
|
 |
Boney Fingers Jones
|
Joined: | 03 Aug 2006 |
Posts: | 40801 |
Location: | Sunny Massapequa Park, NY |
|
I've preferred Live Nation over Ticketmaster. They seem to be easier to deal with. Ticketmaster really screws people (linking them to their "pay premium site" for big shows like Bruce).
_________________ "Every day a little sadder, A little madder, Someone get me a ladder."
ELP
“You can't have everything. Where would you put it?”—Steven Wright
|
|
Top |
|
 |
|
Page 1 of 1
|
[ 8 posts ] |
|
View unanswered posts | View active topics
Who is WANline |
Users browsing this forum: No registered users and 1 guest |
|
You cannot post new topics in this forum You cannot reply to topics in this forum You cannot edit your posts in this forum You cannot delete your posts in this forum You cannot post attachments in this forum
|
|