How much do you pay for concert tickets? $60, $120, $200? There might be a day when no one will be able to afford going to a concert. That might be really soon.
What if two powerhouses came together?
For those who don't know, back in February, Ticketmaster and LiveNation unanimously agreed to merge into one giant entertanment company. Here is the current situation:
"Ticketmaster sells tickets for more than 80% of the major arenas and stadiums in the U.S., according to concert tracking firm Pollstar. Live Nation is the world's No. 1 concert promoter and owns more than 140 venues." (Source: Live Nation, Ticketmaster agree to merge)
The concern is that Ticketmaster and LiveNation will control so many venues and artists that they will be abel to set any ticket price they want and charge artists obscene amounts to use their facilities.
There have even been a few websites poppin gup n opposition to the merger. (www.ticketdisaster.org)
Would the merger of the world's two alrgest entertainment firms benefit musicians or the concert going public?