Music: Live Nation and Ticketmaster want to merge? The Boss isn’t a fan.
- The proposal Ticketmaster, which handles ticket sales at venues across the country, and Live Nation, a spin-off of Clear Channel that promotes and produces live shows and has recently gotten into the artist management business, want to merge, sources say. As both businesses cover much of the live music industry, the merger would face antitrust scrutiny.
- The concern Fans are not very happy about this idea, largely due to Ticketmaster’s history of shady practices and overcharging. Ticketmaster convenience fees can significantly increase the price of a concert ticket. If Live Nation, which has recently gotten into the ticket-distribution business itself, remained a competitor, they could help lower prices by increasing competition.
- Bruce weighs inBruce Springsteen, who has a long history of railing against corporate greed, weighed in with a note on his Web site. In it, he stated that “the one thing that would make the current ticket situation even worse for the fan than it is now would be Ticketmaster and Live Nation coming up with a single system.” source