Tuesday, September 26, 2006
Ticketmaster vs Live Nation
We all knew this was coming sooner or later... as Clear Channel gets its sticky fingers into every aspect of the music industry, their concert promoter division Live Nation is now taking on Ticketmaster. High ticket prices have turned off fans and reduced revenue for several years, and Live Nation sees the problem as Ticketmaster's skyrocketing fees. This fight is between two companies who both have monopolies on various portions of the entertainment industry - now it seems LiveNation/CC is looking to break Ticketmaster's monopoly, or at least get their fees reduced. What I'm interested in seeing is how LiveNation will frame their argument (they can't very well argue against the evil of monopolies, can they!) and if Ticketmaster will give in. I predict that in the short term, Ticketmaster will give in to keep LiveNation as a client, but in the long term, LiveNation will develop their own ticketing system, allowing them to control every aspect of the entertainement experience.
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