The level of commerce that is associated with rock and roll is something that is best not thought about. It’s sort of like the old line that you never want to go into the kitchen of a restaurant—regardless of whether it has three Michelin stars or it is a McDonald’s—because you’re likely not to have … Continue reading Just Try Not to Listen
Live Nation wants a chunk of the last bastion of artist profitabilty: merch.
According to Live Nation‘s Q2 2009 Earnings Call for investors, the concert industry seems to be doing pretty well despite the fact that it’s down a little: Overall, for the quarter our revenue per fan was $78.16 compared to $81.82 in the second quarter of last year. The drop of 4.5 is all because of … Continue reading Live Nation gets $78 per fan
Obama‘s Non-State of the Union wasn’t the only action on Capitol Hill yesterday. Executives from Ticketmaster and Live Nation (formerly Clear Channel) went before the United States Senate Judiciary Committee’s Subcommittee on Antitrust, Competition Policy and Consumer Rights to discuss their proposed merger. Jim DeRogatis recaps the hearing for the Chicago Sun-Times: All of the … Continue reading Ticketmaster/Live Nation vs. Senate Judiciary Committee
The Wall Street Journal reports that Ticketmaster and Live Nation are close to a merger: The combined company would be called Live Nation Ticketmaster [How clever! – ed.], and would merge the world’s biggest concert promoter with the world’s dominant ticketing and artist-management company. The resulting firm would be able to manage everything from recorded … Continue reading Ticketmaster + Live Nation + Front Line = New Model? Really?
Live Nation writes its own ticket: Live Nation, which ended talks with Ticketmaster in August, was bullish on the decision, terming it “limited investment.” The key, and Live Nation president and CEO Michael Rapino has repeated this often, is to control customer data, increase the amount of interaction with concert-goers and to capitalize on expanded … Continue reading Live Nation (formerly Clear Channel) Ousts Ticketmaster
Wall Street Journal – Pirated Music Helps Radio Develop Playlists: Earlier this year, Clear Channel Communications Inc.’s Premiere Radio Networks unit began marketing data on the most popular downloads from illegal file-sharing networks to help radio stations shape their playlists. The theory is that the songs attracting the most downloads online will also win the … Continue reading Clear Channel Sells Filesharing Data
Not sure exactly what this will mean for the future of radio, but Clear Channel was bought out for $19 billion from private equity firms. Tidbits from Bloomberg: • “The company also plans to sell 448 of its 1,150 radio stations and all of its 42 television stations.” • “The company lost more than 60 … Continue reading Clear Channel Bought Out for $19 Billion
Three years ago, the Dixie Chicks, alienated the country music world with an inocuous comment about President Bush. With a new album due this week, anyone who thinks the Chicks are ready to repent and play nice had better think again.
Does filesharing hurt musicians? One hard working Nashville session musician says it’s hurting him as the labels try to pinch pennies in the recording studio. But Ticketmaster and Clear Channel share the blame as well.