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MusicNewz - 02/4/10 - Email To: This Member or A Friend |
RelatedEmail/URL/Zip: Email: Url: http://www.luminomagazine.com/mw/content/view/2913/4 Zip: |
| Merger Changes the Face of the Music Industry Written by JORDAN BRANDES Wednesday, 03 February 2010 Last week the Department of Justice green lit a decision to merge the mega corporations Ticketmaster and Live Nation into a single entity. The $4.4 billion dollar deal will no doubt have a profound effect on the entire music community. Many are quite shocked at the decision to move forward. After all it flies directly in the face of a previous anti-trust ruling made by the Supreme Court in 1948. The merger allows one company to control most of the ticket sales sold at major concert venues around the world. This means that most of the big names in the industry will be under orders from a single, all-powerful corporation. ...snip... |