What If One Company Controls All The Major Concerts?

A deal that combines America’s two largest concert promoters has Greg Kot worried about lack of competition. “The $350 million acquisition announced Wednesday will bring HOB Entertainment, the operator of the House of Blues clubs, under the umbrella of Live Nation, the Clear Channel Entertainment spinoff that is North America’s biggest concert promoter. The deal brings the concert business even closer to a monopoly, and the effect on ticket prices and artistic diversity could be crippling.”