Contact Us

Concert Giants Live Nation & Ticketmaster Announce Merger

In a move that places a stranglehold on the concert business, Ticketmaster, the world’s leading ticket seller, and Live Nation, the leading concert promoter, have finalized their colossal merger as of Tuesday (Feb. 10).

With the likelihood that a monopoly may emerge, many are critical of the move, including Sen. Charles Schumer (D-NY) who told The New York Times that it gave the joint company “unrivaled power over concertgoers and the prices they pay to see their favorite artists and bands.”

Last year, Jay-Z inked a $150 million deal with Live Nation to start his new label, Roc Nation. At the time, it seemed unlikely that Live Nation could come out ahead on such an expensive venture, which placed an emphasis on touring receipts and away from declining record sales. However, with yesterday’s merger providing newfound financial power at the box office, Hov—among others affiliated with Live Nation such as Madonna—may prove to be a profitable investment for the newly formed company. – Devin Chanda

Recommended For You

Around the Web

Best of XXL

Leave a Comment

It appears that you already have an account created within our VIP network of sites on . To keep your personal information safe, we need to verify that it's really you. To activate your account, please confirm your password. When you have confirmed your password, you will be able to log in through Facebook on both sites.

Forgot your password?

It appears that you already have an account on this site associated with . To connect your existing account just click on the account activation button below. You will maintain your existing VIP profile. After you do this, you will be able to always log in to using your original account information.

Please fill out the information below to help us provide you a better experience.

(Forgot your password?)

Not a member? Sign up here

Sign up for XXL Mag quickly by connecting your Facebook account. It's just as secure and no password to remember!