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03 Mar 2010 21:46

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Biz: A bunch of Wiseguys hacked Ticketmaster, made like bandits

  • one
    million
    number of tickets Wiseguys Tickets and Seats managed to buy through hacking Ticketmaster’s Web site
  • $25
    million
    the amount these Wiseguys made through reselling at a much higher cost ($25 per ticket!) source

25 Jan 2010 21:13

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Biz: The Justice Dept. finds silver lining in Ticketmaster and Live Nation

  • The merger has been approved after a yearlong investigation. This nightmare merger had been what many music fans had been fearing, but it appears the Justice Department found some common ground. “We were prepared to litigate this case, and I told the parties that,” said Justice Department antitrust representative Christine A. Varney. “The required divestitures and behavioral prohibitions alleviate our concerns.” Ticketmaster has to ditch a ticketing division and license its software to a competitor. Oh, and the boys at Justice will be watching them like a hawk for 10 years. Good idea – music fans will thank you. source

31 Mar 2009 09:59

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Music, Politics: We’re going to use this post to rail against Billy Corgan

  • Smashing suckage Hi, guys. We’re ShortFormBlog. You may know us from such posts as this one and that one. Anyway, we’re here to talk about a serious problem we’ve noticed lately – Billy Corgan’s ruining the legacy of his band, The Smashing Pumpkins. It started slowly. Then it became more obvious. Now, it’s just too much and we think Billy should stop ruining our positive memories of watching his band on MTV.
  • Lame things he did Earlier this month, Billy Corgan made his opinions known on two fronts that have the potential to hurt fans. Know the RIAA-supported Performance Rights Act, which would give Corgan money every time “Landslide” plays? He testified to Congress about it. Know that heavily-criticized Ticketmaster/Live Nation merger that’s on the table? He wrote a letter to Congress supporting it.
  • The final final strawRecently, Jimmy Chamberlain – the only other member of the band still left from the legacy era, Tinted Windows notwithstandingleft Smashing Pumpkins due to a desire not to “cash the check,” as he put it. (Is he uncomfortable with selling out his band’s legacy?) Now, the band is going to have an open call for drummers. Limp Bizkit did something like this, and we know they suck. source

10 Feb 2009 20:38

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Biz: How big is the proposed Ticketmaster/Live Nation merger?

  • $2.5 billion in market value (plus convenience charge) source