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The concert industry

Executives from Ticketmaster and Live Nation want us to believe that the proposed merger between the two companies is the only way we're going to see lower ticket prices and better customer service come to the live music biz. They may ultimately be proved right, if the government allows the merger to happen. In the meantime, however, the public is learning quite a bit about the way the concert industry works, and how the secondary ticket market not only flourishes, but ultimately gets hold of the best tickets in a given venue. The Wall Street Journal, for instance, revealed that prime seats are often resold for higher than face value by artist reps. Never mind the merger, the whole live music biz gets a giant MISS. -Todd Martens, L.A. Times EPA