Live Nation figures that
high ticket prices are keeping people away from concerts, so they want to grow
the business by knocking down ticket price. Ticketmaster figures a yearly take
of 1 billion dollars in fees and surcharges is a good thing for Ticketmaster. (You don't mind paying $120 a ticket to sit behind a drunk waving a cigarette lighter, do you?)
Right now Live Nation
produces 29,000 events each year; Ticketmaster has the exclusive right to sell
the tickets to all of them through 2008. If Live Nation decides to end the deal
and switch to their own in-house ticketing system, Ticketmaster would start
losing 130 million dollars a year.
Stay tuned.
[TJH]
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