Tuesday, February 10, 2009

Your ticket price just doubled

Listen.... Listen..... What's that I hear? Its the cost of arena & amphitheater tickets doubling:
http://money.cnn.com/2009/02/10/news/companies/ticketmaster_live_nation/?postversion=2009021013

It may not be a done deal though. Sen. Charles Schumer, D-NY said, "As the Springsteen bait-and-switch shows, even on its own, it is very hard to trust Ticketmaster," Schumer said in a statement Tuesday.
"This merger would give a giant, new entity unrivaled power over concertgoers and the prices they pay to see their favorite artists and bands. It must be viewed skeptically and scrutinized with a fine-toothed comb by the Justice Department and the Federal Trade Commission," he added.

It will be interesting to see what will happen if the deal goes through. Could large acts who aren't under the Live Nation umbrella band together and start a new ticketing service? Would they then be shut out of all venues Live Nation/TM own or control forcing them to play in open fields and high school gyms? Would new bands be forced to kowtow to Live Nation/TM or risk never being able to move above the theater level?