Monday, February 9, 2009
LIVE Nation WITH Ticketmaster: 98% CONFIRMED?!
Announcement of a pending merger between Live Nation and Ticketmaster Entertainment will likely come today. A source tells Billboard that the boards of both companies met yesterday and approved the deal, but neither company would confirm. The merger would create the most powerful and influential entity the music business has ever known. As manager, ticketer, venue operator, merchandiser and more, this giant would tap into revenues, if not outright control them, from virtually every source in the chain: live performance, merchandising, ticketing, content, sponsorships, licensing and digital. (Billboard). Wow, can we call this monopoly? -kp-
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