It already seemed like just about nobody was happy about the Ticketmaster/Live Nation merger, except Ticketmaster and Live Nation. But now the newly formed Live Nation Entertainment Inc. is facing a lawsuit filed by its shareholders, who ain’t too happy, either.
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With all the recent buzz about a possible merger between Ticketmaster and Live Nation, we found Billboard Magazine’s annual listing of the top earners in music even more intriguing than usual. It seems the majority of those millions come directly from touring and ticket sales, leaving us wondering just what’s at stake for artists and fans in this possible merger?
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One thing that tends to happen during times of financial crises is large companies will merge. This helps stabilize all parties involved by, in essence, eliminating the competition. But with new reports of a Live Nation and Ticketmaster merger, experts and industry insiders are wondering if a review by antitrust authorities is needed. Looks like you can take the Live Nation our of Clear Channel, but you can’t take the Clear Channel out of Live Nation.
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