Wednesday, February 11, 2009

Live Nation & Ticketmaster Merger Confirmed

I reported a few days ago that Live Nation & Ticketmaster were planning a merger. Well now its official, the two companies will combine to create Live Nation Entertainment. Yes, a monopoly will be created on the ticketing industry and yes, anti-trust issues will be raised. Bruce Springsteen has commented on the merger saying "“The one thing that would make the current ticket situation even worse for the fan than it is now would be Ticketmaster and Live Nation coming up with a single system, thereby returning us to a near monopoly situation in music ticketing. If you, like us, oppose that idea, you should make it known to your representatives.” We will have to wait and see what effects this merger will have on the public.

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