oLahav said – Thu, 12 Feb 2009 19:50:56 -0000 ( Link )
For those of you who haven’t kept up to date with this- there’s a lot going on in the music tickets industry. Ticketmaster, the largest company selling major concert tickets, is about to merge with Live Nation, their only serious competitor.
Everyone from Bruce Springsteen to myself agree- this spells major trouble for fans. Ticketmaster is already heavily criticized for they’re scams on hacking ticket prices- they offer heavy “convenience” fees, and on some concerts tickets sell out within minutes only to reappear almost immediately on TicketsNow, Ticketmaster’s resale site, where you can buy them but for a much higher price.
A union between Ticketmaster and Live Nation will create a monopoly, in which convenience charges will only increase and fans won’t be able to afford tickets to concerts of their favourite bands.
Now, here’s the thing. In my personal book, capitalism does mean this deal should go through, and the laws of supply and demand mean that until nobody can afford tickets, concert halls will remain full. Also, the resale on TicketsNow business isn’t actually Ticketmaster’s fault- it’s probably an outside program trying to benefit, just like scalping, which nobody can really stop. And buying tickets online certainly beats camping out for the night in front of some office. And I don’t believe that stopping the deal will actually help keep ticket prices down, since Ticketmaster and Live Nation will just collaborate on setting their fees structure.
So here’s the debate- is there enough reason to stop the merger? Should government interfere? Is there anything anyone can do to help fans for once?
I think this topic is important to all music lovers, so I hope people respond!
- Actions
Post Comments