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

  • http://www.justice.gov.za GO-Getta’

    Yeah! i know s*****t is played out but 1st place is what it is.
    Nobody remembers whoeva’ is below me anyway.

    Seems like Big business is still booming despite the recession circus or it is b’cuz my prez is black but his house is all white?

  • Pierzy

    Corporations run the world…

  • TheRefriedMexican

    BOTTOM LINE: DOES THIS MEAN MORE EXPENSIVE OR CHEAPER CONCERT TICKETS???

  • Jamal7Mile

    I think ticket prices will stay the same or go up… which equals a money-grab.

    Business is too cutthroat for this to result in a drop in ticket prices. I may put my foot in my mouth later, but TODAY I just don’t see prices dropping.

  • http://www.myspace.com/emcdlthemusicprofile EmCDL

    Well if the ticket prices don’t go down anytime soon then you can expect less folks going to the shows…shit is rough these days with the economy and all. They better think smart about this…

  • http://xxl All Dae

    This is bigger than what is seem. Ticketmaster has the ticket sales on lock. Couple that with the sole concert promoter and you got a monopoly going. Hopefully the little guy can eat.

  • Peru (Chicago)

    How much you wanna bet these niggas make some sort of merger deal or get bought by apple. I can see it now, Apple had monopolized the music industry with concerts and itune digital downloads!!!

  • $ykotic

    Mark my words:

    Live Nation gonna start streaming shows a la PPV.

    Catch the wave.

  • El Tico Loco

    Is gonna be a monopoly that means they can do whatever they want with their prices, but if the prices go up don’t be surprised if the attendance goes down because is just not the time to be overpricing anything. Speaking of overpricing why Dre’s headphones cost more than tickets so see him live?

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