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| The Lefsetz Letter - Imperative Reading in Music Industry |
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Bob Lefsetz It's does not get any more clear to me than this. Bob Lefsetz's newsletter, for those of you in the ticketing and music business, is an imperative read. For 25 years he's been writing The Lefsetz Letter and beholden to no one and speaking the truth, he addresses the issues that are at the core of the music business: downloading, copy protection, ticket pricing and the music itself. Bob’s insights are fueled by his stint as an entertainment business attorney, majordomo of Sanctuary Music’s American division and consultancies to major labels. Here's some more jewels on Adele's recent success from the wordsmith: All the scuttlebutt about Adele has been the chart success, BUT HAVE YOU LISTENED TO THE MUSIC? For too many years we've been inundated with look at me artists. I'm
better than you. Watch me dance, see my big tits, come join the party. And here's some interesting inside information on Ticketmaster promises to artists: I had a long conversation with a promoter who told me that with regard to a show he was promoting, Ticketmaster was guaranteeing the secondary market for the act. Let me explain this to you. A certain number of tickets are pulled from the manifest and ultimately sold on TicketsNow. Ticketmaster guarantees a certain gross payment to the act for these tickets, far in excess of the usual payment per ticket. If the tickets don’t sell at the predicted high prices? Too bad for Ticketmaster. Blame the acts for this. Ticketmaster Is taking the heat. ...But what shocked me was a recent conversation with a manager. Who told me that Live Nation’s offer for his act included pulling multiple hundreds of tickets to sell on the secondary market. I did not know that Live Nation did this. Do I believe this manager? Absolutely. Is this a common practice? I don’t sell shows/talent, so I don’t know. But, where there’s smoke, there’s fire. Related Articles: Block this music monopoly - TM/LN merger will hurt concert consumers. by David Balto (originally published at Philly.com)
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... 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)").
USA Ticket Industry Talks Paperless Ticketing at Billboard Touring Conference Executives from Ticketmaster Entertainment, StubHub, Live Nation and TicketNews's parent company TicketNetwork battled it out over the issue of paperless ticketing during a panel at the Billboard Touring Conference & Awards Wednesday in Manhattan, and while few minds were changed the charged debate... 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... MySpace launches music site in UK MySpace expands its presence in
the entertainment market on Thursday with the British launch of
its music service, as the social networking site seeks to
reinvent itself after being eclipsed by rival Facebook.
MySpace Music is already up and running in the United
States, and aims to combine... RazorGator to Feature Concert Tickets in Amazon Music Store RazorGator, (www.razorgator.com) the leader
in Hard-To-Get(SM) tickets for sports and entertainment events worldwide,
today announced an agreement with Amazon to feature RazorGator's concert
ticket selection in Amazon's new Concert Tickets Boutique. Amazon
customers can visit the new boutique...
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