Live Nation-Ticketmaster deal will hurt fans
Unbelievable. The Obama administration has approved the merger of Live Nation and Ticketmaster by demanding a couple minor concessions. Ticketmaster has to sell off a unit that helps entertainment venues issue their own tickets. The company, Paciolan, will never be a big player, even with ownership by Comcast. And Ticketmaster has to license some other minor technology to Phil Anschutz.
UPDATE: A commenter calls our attention to this relevant information, from Billboard.biz last year. Uuugghh. I'm feelin' a little queasy.
Live Nation board member Ariel Emanuel, is a powerful Hollywood manager who is also brother of Rahm Emanuel, the White House Chief of Staff. Ariel Emanuel was also a major Hollywood fund-raiser for Obama's election campaign.
Julius Genachowski, nominated by Obama earlier this month to be the new chairman of the Federal Communications Commission, was on Ticketmaster's board until March 10.