Live Nation and Ticketmaster to merge
source: http://www.ft.com/cms/s/0/64401b24-f78b-11dd-81f7-000077b07658.html?nclick_check=1
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- joshuaheller
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Ticketmaster is the largest ticket-seller. Live Nation is the largest concert promoter.
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- groups:
- Entertainment, Music
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- tags:
- Entertainment, Music, Finance, Business, 4 more
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partyrager
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I hate TM!
- 4 years ago
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partyrager
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mik661
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Of course ticket master will remain competive. With themselves. And hold back ticket for its scalping operation which they will be glad to connect you with right after they tell you the show you want is sold out. Read about the Springsteen shows if you want to see how ticketmast rolls. Then let them merge with Livenation to extend their domination to venues and excusive artist deals.
- 4 years ago
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mik661
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diode
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thank god, i hate going back and forth searching for which venue uses which ticket company for this or that artist
- 4 years ago
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diode
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Jacques_of_Spades
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I don't see the monopoly. It's just a monopoly merging with a different company that does a different though related thing. It might lower ticket prices if the people that sell the tickets don't have to pay for another company to promote the concert.
Or they'll just take that difference for themselves and charge us the same. - 4 years ago
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Jacques_of_Spades
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ddhboy
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Jacques_of_Spades:
The problem is that Live Nation is owned by Clear Channel, who pretty much control advertising along with CBS. That said, an event marketed by a competing promoter cannot possibly stand up next to a livenation event since Live Nation will now handle ticket sales, run the concert and give you huge discounts on prime location adspace, where as a non live nation event would cost more since you would have to deal with 3 services, none of which have the name recognition of Ticketmaster, Live Nation or Clear Channel.
- 4 years ago
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ddhboy
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aostrander
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Not cool.
- 4 years ago
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aostrander
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Betico
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ticketmaster wants all of our money!
its ridiculous, its almost cheaper to make a trip to the venue's box office just to buy the tickets for a concert or a show at a later date than to pay all the tm charges.
i guess tm is trying to reemploy local ticket agents by overcharging people using their services.
- 4 years ago
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Betico
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ddhboy
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Thank god I don't go to concerts.
- 4 years ago
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ddhboy
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Ayahuasca2012
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Fuck Ticketmaster. I refuse to attend any concert they touch... and if that means I never attend another concert again so be it.
- 4 years ago
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Ayahuasca2012
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cheakywillie
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well we can count on all concerts to really be bland...Live Nation is owned by Clear Channel, which in my opinion killed free radio by taking all the individuality out of the markets. Now the only concerts that Ticketmasters will sell are for major corporate bands like the ones on MTV and BET..
But on a good note alot of great bands will be selling more shows in smaller mom and pop type venues.... - 4 years ago
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cheakywillie
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gem7007
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NOOO! now the convenience charge will be HUGE!
- 4 years ago
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gem7007
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Betico
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gem7007:
it wasnt already?
- 4 years ago
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Betico
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Maitereya
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an even more continent charge.
- 4 years ago
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Maitereya
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diabolical44
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shouldn't our antitrust laws prohibit a merger that would create such a monopoly of ticket sales?
o yea,,, silly me... i forgot, those haven't been enforced in decades.
- 4 years ago
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diabolical44
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wintermadness90
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LAME! I don't wanna have to get my Nightwish tickets from ticketmaster *sigh*
- 4 years ago
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wintermadness90
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petervan
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These guys are great. I have a small Proffesional Theater and we use only them for ticketing. They do online, on the phone, hard tickets and soft tickets. They charge $1 + 1% of the ticket price So a $100 ticket would be $102. Eat that ticketmaster! Businesses like these are why a monopoly would never be able to sustain itself in the internet age (and we don't have to worry about corrupt gov't trying to solve the problem)
- 4 years ago
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petervan
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gem7007
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petervan:
sounds like something to look into! great post!
- 4 years ago
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gem7007
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Commentor
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petervan:
I know I have been to several events that use this service. The Big Arena's though have big contracts with TM.
and Yea to Pearl Jam for how they handled this issue.
- 4 years ago
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Commentor
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napalmkitty
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Don't just tell me how you feel. Stand up for yourselves. Ticketmaster is f**king evil. And if they combine with LiveNation it'll mean higher ticket prices and less choice. The petition will be passed on to the House and Senate Judiciary Committees as well as the FTC. So please do your part; sign and pass it on!
- 4 years ago
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napalmkitty
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MornRail
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Gah, I hated TM before. Now I hate them even more.
- 4 years ago
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MornRail
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Lazybones
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I hate paying huge prices just to go to a concert. The prices are already unbelievable before this merger!
- 4 years ago
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Lazybones
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strive4peace
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The people control everything not monopolies, think about it hard
- 4 years ago
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strive4peace
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napalmkitty
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Sign the petition! Representative Bill Pascrell (D. NJ) is pushing for an investigation into TM and Live Nation. In addition a probe is being set up by the CT Attorney General in conjunction with other AG's across the country. Please act now to stop this.
- 4 years ago
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napalmkitty
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floggingtiffany
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napalmkitty:
Thanks for this link! I've been waiting for someone to start an investigation on this! I refuse to buy tickets from ticketmaster which has caused me to miss MANY concerts!
- 4 years ago
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floggingtiffany
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seanalyn
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napalmkitty:
thanks for the link napalmkitty! I was just saying today that Im surprised theres been no real investigation into TM yet!
- 4 years ago
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seanalyn
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seanalyn
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yay so they can rip us off even more! I guess this means even more concerts I'll have to miss out on because I refuse to pay "convenience fees" when they are more than the actual price of the ticket :/
Also I just tried to buy tickets thru ticketmaster last week...I went on right as tickets went on sale and couldnt get one. Within 10 minutes they were sold out and ticketmaster was linking to third party sites selling dozens of tickets for $100 to $300 over the actual ticket price! something seems very fishy there.
- 4 years ago
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seanalyn
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omordn
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Who said monopolies don't exist? Ticketmaster is a monopoly already. By merging with Live Nation will make it even more visible.
- 4 years ago
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omordn
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Swiyyah
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YAY monopolies!
- 4 years ago
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Swiyyah
