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Saturday, November 21, 
5:29 am

The Boss boos Ticketmaster-Live Nation merger

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brucespringsteen125.jpg Now that Ticketmaster Inc. and Live Nation Worldwide Entertainment Inc. proposed merger has had some time to air, some entertainers, such as Bruce Springsteen, aka "The Boss," have come out to oppose the combination.


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"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." Springsteen, who is a client of Live Nation, posted on his Web site. "If you, like us, oppose that idea, you should make it known to your representatives."

Legal experts point out the merger is far from complete and the union of a major ticket seller at major venues across the country and artist manager and promoter does raise some eyebrows.

"Given what's been heard from the new Obama administration, there's anticipated heightened scrutiny for mergers that wasn't in place with the Bush terms," Jennifer Fountain Connolly, an attorney at Chicago-based Wexler Wallace, told the L.A. Times. "You're looking at a massive combination of economic power, where literally every aspect of the promotion of concerts will be controlled by one company." - Gerald Magpily

See Bruce Springsteen Web site
See L.A. Times article
See Dealscape: Live Nation, Ticketmaster may join forces





Comments

From: hartman_john,

Meet the new boss.
Same as the old boss.

When I witnessed the waddling Springsteen as he ballooned toward the low-angle camera at the Super Bowl, I thought to myself - "He will be the next Celebrity Endorser for WEIGHT WATCHERS."

The boss had better get worried about his bulk and worry a great deal less about business mergers. His day in the sun has passed and he ought to go quietly into the Assisted Living facility where he can entertain his fellow baby-boomers with his tales of Glory Days.


From: Gerald Magpily Author Profile Page,

Thanks for your comment.

Putting weight aside, Bruce Springsteen is just concerned about his financial future because when you combine the largest concert promoter with the biggest concert ticket seller, there's obviously going to be less choice for artists and their fans. After all, if fans are turned off by the high price of tickets and can't sell out stadiums because there's basically one giant ticket broker who tacks on whatever fees they want, ultimately performers like the Boss will feel it in their wallet.

-- Gerald Magpily


From: grrrrrr,

Ticketmaster has long held the reigns as one of the nastiest companies on record. Their business practices are abhorrent; they have not been the subject of such intense scrutiny as, say, United HealthCare, but they operate on the same sleezy level.


From: linda palka,

I use to buy concert tickets all the time, but the price is getting so out of control it's ridiculous.


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