Tuesday, January 26, 2010
Ticketmaster-Live Nation Merger Approved
This is bad news. Its not as much that ticket prices will go up. The supply & demand driving ticket prices is probably right. It you really want those $300 Madonna tickets, more power to you I guess. But with little to no competition, Live Nation Entertainment will be able to raise ticket purchase fees and lockup venues in markets to exclusive deals forcing bands to play with Live Nation Entertainment if they want to play a lot of venues. I just don't see this working out well for bands or consumers.