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| Block this music monopoly - TM/LN merger will hurt concert consumers. |
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Nine months after Ticketmaster announced its proposed merger with Live Nation, the Justice Department's antitrust investigation seems to be entering the ninth inning, and the bases are loaded. Numerous consumer groups and 50 members of Congress have written in opposition to the merger. Britain's antitrust cops have also come out against it. And it's becoming clear to the public that the merger will harm consumers and competition. The reasons for the deal are quite transparent. Ticketmaster faced its first significant competitive threat when Live Nation announced earlier this year that it was entering the primary ticketing market. Most monopolists would like to quash any new threats to their dominance. But if they can't quash them, they might choose to buy them out - which is precisely why this merger is illegal. The merger would combine a ticketing powerhouse with the country's dominant concert promoter. But the integration would go much further. Ticketmaster controls roughly 80 percent of the ticketing business in the United States, but it also owns an artist-management business, Front Line Management, which contracts with roughly 200 artists. Live Nation owns or has exclusive deals with 139 venues, but it also manages about 150 artists. This merger would allow a Live Nation-Ticketmaster entity to determine the prices of access to venues, concert promotion, ticketing, and other services, permitting a single firm to dominate the market. Read full article here. Related Articles: Beyonce Big Winner at the 2009 MTV Europe Music Awards Beyonce was the big winner at the 2009 MTV Europe Music Awards (EMAs), held at the O2 World in Berlin, Germany tonight. The global music icon walked away with three of the night's biggest awards -- Best Female, Best Song, ("Halo") and Best Video, ("Single Ladies (Put A Ring On It)").
Live Nation, Ticketmaster profits take a hit due to Proposed Merger
Live Nation and Ticketmaster
Entertainment Inc. both stated that their earnings were hurt by
costs related to the proposed deal, which is expected to continue into 2010 as
regulators examine antitrust issues.
French Football Federation to Try and Block Tickets To avoid a flood of Irish fans at the Stade de France, November 18, in the second leg of World Cup 2010 countdown, the French Football Federation (FFF) is banning the sale of tickets on the Internet. A measure that is easier said than done.
Block This Music Monopoly OP/ED - This article was originally published in The Philadelphia Inquirer. Nine
months after Ticketmaster announced its proposed merger with Live
Nation, the Justice Department's antitrust investigation seems to be
entering the ninth inning, and the bases are loaded. Numerous consumer
groups... Comcast Jumps into Ticketmaster Live Nation Merger Fray According to recent reports from Bloomberg, Comcast is looking to help ease the Ticketmaster Live Nation merger by massaging and lobbying for the marriage. Comcast is the largest U.S. cable operator and controls an
arena-management as well as a ticketing company.
The Ticket Monopoly at Winter Olympics Vancouver 2010 Threats have emerged from Vancouver Organizing Committee
(VANOC) – the body organizing
the Winter Olympics in Vancouver,
British Columbia, Canada, to block tickets that are filtering out to the
secondary ticket market via sponsors, family of athletes, national Olympic
committees
and...
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