December 21, 2007

Ticketmaster Takes A Blow

The Wall Street Journal reports that Ticketmaster, the concert-ticket giant, will not be resigning its deal with live-music promoter Live Nation after the 10 year agreement between the parties expires next year.

Talk about losing a big-account!

One can imagine that tension in the deal involved the fees Ticketmaster charges. But perhaps Live Nation is taking a cue from the fans - though the service Ticketmaster provides is convenient and popular, the surcharges Ticketmaster imposes are excessive. Considering concert-goers can now purchase AND PRINT tickets at home, why are there "service fees"? If the public is getting charged such fees, one can only imagine what Live Nation is getting charged.

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