With the summer concert season not far away, event promoters and music fans alike face a growing challenge—the state of online ticket sales for live events. Fans are increasingly boxed out when tickets go on sale, and venues will often sell out to audiences that paid much more than the original price because they were forced to buy their tickets on the secondary market, through sites like StubHub or Craigslist. Essentially, it seems harder and harder for fans to access face-value tickets for certain types of events.read more
Ticketmaster (now part of Live Nation Entertainment) popped up in the news over the weekend for comments made by the CEONathan Hubbard on the inaugural “This Week in Music” podcast. The new series, hosted by FMC Advisory Board member and TopspinCEOIan Rogers, offers in-depth coverage of developments in the music industry alongside album reviews and related industry news. The Hubbard interview is notable for the frankness exhibited by the CEO, something that often seems lacking in discussions about ticketing and the fan experience.
For those of you who have been following Ticketmaster's attempt to join forces with Live Nation (and even those who haven't), today has brought some major developments.
On Monday, January 25, the Department of Justice (DOJ) announced that it has placed some restrictions on Ticketmaster's proposed merger with Live Nation. Although it's too early to predict final outcomes, it's possible these conditions will have an impact on the entire live music ecosystem, from ticket sellers to venues to artists to concertgoers. read more
A recent development in the Live Nation antitrust saga hits close to home for those living here in the District of Columbia (that's Washington, folks). I.M.P. Inc., an independent DC/Maryland concert promotion and event production company, recently filed an antitrust suit against Live Nation. Owned by Seth Hurwitz and Rich Heinecke, I.M.P. Inc., operates the famous 9:30 Club in Washington, DC and Merriweather Post Pavilion in Columbia, Maryland. read more
The music industry is currently abuzz about the proposed merger between concert ticket giant Ticketmaster and the world’s largest concert promoter, Live Nation (which also sells tickets.) On February 24, the U.S. Senate Judiciary Committee held a hearing on the matter that included representatives from both Ticketmaster and Live Nation, as well as the independent promotions/ticketing and public interest sectors. The House Judiciary Committee took up the case today (February 26). read more