Last night while perusing my favorite information related websites, I came across a disturbing little article that affects our readers and all of us here at Ice Cream Man. This article was entitled “Ticketmaster/Live Nation Merger Could Raise Ticket Prices” and published by WIRED here. When my brain was done parsing what that really meant, I started to cry.
When I had dried the tears I noticed that this article was written in the morning. The merger had not yet been confirmed at the time the article was published. So I decided to search Google news for success (I was hoping for failure) of the merger.
What I found was that at approximately “The darkest hour ever” the hearts and wallets of concert going folk were ripped out and shaken upside down until all of the change had fallen out. In other words, the merger was announced officially.
There is already talk about investigation into whether or not this would classify as a monopoly. In addition to that news hit the web today that a $500 million lawsuit has been filed against Ticketmaster for forwarding customers to TicketsNow.
Links:
Reuters
USA Today
Wall Street Journal
