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Wednesday, February 4, 2009 | 12:06pm
BREAKING NEWS: Live Nation/ Ticketmaster Merger Imminent
Could Jay-Z with his 360 Deal Cash In on the Mega Merger?
Live Nation and Ticketmaster are reportedly very late in negotiations on a proposed merger pending board approval. According to the Wall Street Journal talks of the merger heated up after the ticketing contract between the two companies ended at the beginning of the year.
There had been some discussion towards the end of 2008 that Live was developing their own ticketing service to replace and compete with Ticketmaster however the biggest concert promoter in the world instead appears to be focused on merging with Ticketmaster, the biggest ticketing company in the world to form a single company called Live Nation Ticketmaster.
The deal reportedly would be a 50/50 merget in which no cash would change hands. This is significant as we all know about Jay-Z now famed $150 Million 360 deal. Although he wouldn’t immediately cash in like 50 Cent did with Vitamin Water it could pay extraordinaru future dividend on his ownership in the company.
By controlling venues, ticketing, concert revenues and Jay-Z and other’s record labels the new company could potentially control every aspect of the music experience from the artist to the consumer. This however could lead to a huge battle once the antitrust lawyers come knocking.
More on this as it develops. Remember you heard it here first.
FILED IN Business & Marketing, Music, News
look…after they wanted me to pay my cable bill and light bill money for some Maxwell tickets…I’m kinda done w/ these live concerts!
Unless it’s Prince…Jigga can kiss it!…his lips are big enuf i think LOL
But on the serious tip…a lot of businesses are combining to form monopolies…and I think Obama is really taking a look at that…
You read the Wall Street Journal? Just kidding. I’m sure you read it for the comics. But on a serious note, I’m very sure that anti-trust lawyers will be working overtime on this one. Good find, Tiger Woods!
You’re a real scum bag you know that Zack
. Tiger Woods? Ok Lupe Bizzaro.
Drug Dealers know how to make money
more cake
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