Carson, Inglewood Stadium Reps Meet With NFL 49ers Address Turf Issues Ahead Of Super Bowl 50 DraftServ Coming To United Center During Playoffs Churchill Downs Bans Selfie Sticks Nats, Astros Submit Plans For Spring Training Home NFL's Grubman Wants Signs Of Progess In Oakland Churchill Downs Unveils Suite Upgrades PawSox Ask Taxpayers For Ballpark Funds Minneapolis Mayor: No To MLS Stadium Tax Breaks Sacramento Outlines Plan To Attain MLS Team
Upcoming Conferences and Events
SBD/Issue 100/Facilities & Venues
Live Nation, Ticketmaster To Form Live Nation Entertainment
Published February 11, 2009
FACING OPPOSITION: In Newark, Peggy McGlone in a front-page story notes the merger "drew immediate criticism yesterday from lawmakers and others who fear the two will create an illegal entertainment monopoly." U.S. Rep. Bill Pascrell (D-NJ) "sharply condemned the proposed agreement, calling it a 'major disappointment for music fans all around the world.'" Pascrell: "Any merger that would consolidate so many aspects of the concert business under one roof must be carefully scrutinized for anti-trust violations." Pascrell "warned the merger will drive up concert prices, a charge Ticketmaster [Chair & CEO] Barry Diller denied." Diller said, "Ticketmaster does not set prices, Live Nation does not set ticket prices. Artists set prices" (Newark STAR-LEDGER, 2/11). Miami-based Tickets of America President & CEO Michael Lipman said that the deal was "'bad for the public' and possibly bad for venues not operated by Live Nation" (South Florida SUN-SENTINEL, 2/11). In DC, David Montgomery writes of the merger, "What's in it for ticket buyers is far from clear. The era of the dreaded 'convenience charge' might be ending -- but there's no guarantee of lower ticket prices" (WASHINGTON POST, 2/11).