LiveNation and Ticketmaster to merge

To sort of quote the Spice Girls two could become one if Ticketmaster Entertainment and LiveNation merge.  As the Wall Street Journal reports today:

The combined company would be called Live Nation Ticketmaster ; and would merge the world’s biggest concert promoter with the world’s dominant ticketing and artist management company.

History tends to show that no one really likes it when something gets too big:  Jack and the Bean stalk, Ghost Busters Pillsbury Doughboy, Jessica Simpson.  In the business world words like ‘anti-competitive’ and ‘monopoly’ tend to get bandied about and people get hacked off .   ‘The Boss’ definitely isn’t happy about it: 

“…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, thereby returning us to a near monopoly situation in music ticketing. Several newspapers are reporting on this story right now. If you, like us, oppose that idea, you should make it known to your representatives.”

The other word that you tend to hear when things get too big is “antitrust” and its likely that this merger is unlikely to go ahead faced with such scrutiny.  Its even rumoured that good ol Barak Obama will oppose the deal (I am sure it has nothing to do with the high profile support he recieved from The Boss during his electoral campaign….)

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: