Promoters wary of Live Nation/Ticketmaster merger
PostedbyChris BenjamininMusiconFeb 18th, 2009 | 0 commentsLive Nation Inc’s rivals in the rock concert business worry that its planned merger with Ticketmaster Entertainment Inc would mean they would lose control over business secrets — an issue that could complicate chances of antitrust approval.
These complaints by Live Nation’s competitors add to the woes piling up on the proposed merger. There are also calls for a federal investigation into Ticketmaster’s relationship with subsidiary TicketsNow because of incidents where fans were told by Ticketmaster that concerts were sold out but then were offered tickets on its subsidiary — for considerably more money.
The Senate Judiciary Committee’s antitrust subcommittee will hold hearings on the merger next Tuesday.
The latest concern is that the shrinking number of independent promoters, many of which use Ticketmaster for selling seats, fear that the company’s deal with the world’s biggest promoting company, Live Nation, would hurt the independents.
See the full article at Yahoo! News.
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Promoters wary of Live Nation/Ticketmaster merger
PostedbyChris BenjamininMusiconFeb 18th, 2009 | 0 commentsLive Nation Inc’s rivals in the rock concert business worry that its planned merger with Ticketmaster Entertainment Inc would mean they would lose control over business secrets — an issue that could complicate chances of antitrust approval.
These complaints by Live Nation’s competitors add to the woes piling up on the proposed merger. There are also calls for a federal investigation into Ticketmaster’s relationship with subsidiary TicketsNow because of incidents where fans were told by Ticketmaster that concerts were sold out but then were offered tickets on its subsidiary — for considerably more money.
The Senate Judiciary Committee’s antitrust subcommittee will hold hearings on the merger next Tuesday.
The latest concern is that the shrinking number of independent promoters, many of which use Ticketmaster for selling seats, fear that the company’s deal with the world’s biggest promoting company, Live Nation, would hurt the independents.
See the full article at Yahoo! News.
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