The online ticket resale business–what most people would call legalized scalping–seems like a pretty decent market. But Ticketmaster may be getting out of it in order to mollify regulators, and an analyst predicts Ebay may do the same to please Wall Street.
Remember the great Ticketmaster/Bruce Springsteen controversy of 2009? The one where fans of the Boss said they got screwed by the ticketing company everyone loves to hate? The one that prompted Springsteen himself to complain about Ticketmaster and its proposed acquisition of concert giant Live Nation? It’s over!
YouTube and Sony Music Entertainment have signed a deal that will keep the music label’s videos and music on the site. The contract accomplishes what YouTube and Warner Music Group have been unable to do–figure out a way to keep the label’s music on the world’s biggest video site while sharing revenue with both sides.
The Ticketmaster-Live Nation deal isn’t official yet, but it’s already garnering plenty of opponents. The real question: Who’s going to come out in favor of a deal that helps one of the country’s most disliked companies?
Peter Kafka has been covering media and technology since 1997, when he joined the staff of Forbes magazine. Most recently, he has been the managing editor of the tech and media Web site, Silicon Alley Insider. Read more »
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