25 Feb

Live Nation/Ticketmaster Merger Update

Today the merger was brought before the Subcommittee on Antitrust, Competition Policy and Consumer Rights and the Chicago music scene was in the center of it all. Live Nation chief executive Michael Rapino said that Live Nation only puts on 16% of the concerts in Chicago compared to the 29% that is put on by Chicago-based concert company Jam Productions.

Jerry Mickelson, owner of Jam Productions who is testifying against the merger states “U2 doesn’t call us. Shakira doesn’t call us. Coldplay doesn’t call us. They dominate the arena level. They control and have all of the outdoor amphitheaters… and with House of Blues (which Live Nation owns), they are taking over the lower-level theater business as well.”

However there are supporters out there including Seal, Shakira, Journey and Eddie Van Halen. Seal said “Anything that can strengthen the link between music creators and music lovers has my support. I believe the combined company will achieve that by aligning resources, talent and services.”

This is gonna get nasty FOLKS!

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