Musicians Lobbying For Approval Of Ticketmaster-Live Nation Merger Forget To Mention Massive Conflict Of Interest
from the funny-how-that-works dept
You may have heard, recently, that some top name musicians went to Congress in support of the proposed Ticketmaster-Live Nation merger that has many people in the industry worried. Eddie Van Halen, Seal, Billy Corgan of The Smashing Pumpkins and the four members of the band Journey wrote letters to Congress favoring the deal. But, none of them mentioned a rather important fact, that Bruce Houghton is pointing out: every one of those musicians is managed or co-managed by Irving Azoff, who just so conveniently happens to be CEO of.... Ticketmaster. Doesn't that seem like a bit of a conflict of interest? Or, at the very least, something worth admitting to prior to pushing for the deal to be approved?Thank you for reading this Techdirt post. With so many things competing for everyone’s attention these days, we really appreciate you giving us your time. We work hard every day to put quality content out there for our community.
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Filed Under: billy corgan, conflict of interest, eddie van halen, irving azoff, merger, seal
Companies: live nation, ticketmaster
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All business models have middle men. Watch them go.
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You Nailed It
In practice, what Live Nation does is to use their clout and economic power to eliminate local promoters.
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Indeed
Not to mention both of them use their clout to effectively control all the major venues and set ticket prices at those venues to whatever they want.
A side effect of all this(intentional I expect)is to eliminate places indie acts can play at prices they deem reasonable.
We were looking into using Ticketmaster a few years ago for a Festival I am involved with. My investigations told me RUN, don't walk, as far away as possible.
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Is Ticketmaster even needed today? Hell....was Ticketmaster EVER needed?
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Ticketbastard sucks.
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