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Joanne98 Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Jan-25-10 01:43 PM
Original message
Is the Supreme Court ruling working already?
Edited on Mon Jan-25-10 01:44 PM by Joanne98
Live Nation/Ticketmaster Merger Reportedly Approved by U.S. Justice Department
1/25/2010 By Alex Hudson

Last week, we reported that almost 25,000 people had contacted the U.S. Justice Department to oppose the planned merger between music industry giants Live Nation and Ticketmaster. This merger, critics claimed, would create a live music monopoly, placing concert promotion, ticket sales and artist management all under the umbrella of a single company.

Apparently, the voices of the people were not enough, as reports are surfacing that the U.S. Department of Justice has approved the merger. According to CNBC , the deal is expected to become official almost immediately, with Live Nation absorbing Ticketmaster for the hefty price of around $400 million in stock.

The merger was previously approved by the UK Competition Commission back in December. More recently, over 99 percent of Live Nation shareholders okayed the deal, as well as 98 percent of Ticketmaster shareholders.

TicketDisaster.org, the website that coordinated the petition against the merger, has not yet commented on the news. Also, Ticketmaster and Live Nation have not released an official statement.

http://www.exclaim.ca/articles/generalarticlesynopsfull...

Just a thought.
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villager Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Jan-25-10 01:46 PM
Response to Original message
1. Of course, everytime someone purchases a ticket through Ticketmaster
Edited on Mon Jan-25-10 01:46 PM by villager
...they give their assent to this merger, as well...
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dhpgetsit Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Jan-25-10 02:20 PM
Response to Original message
2. You better believe that politicians are considering the possible beating
that a corporation can deliver at election time, whenever they make a statement or vote Yea or Nay.
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Joanne98 Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Jan-25-10 02:39 PM
Response to Reply #2
3. It's sure working fast.
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