According to the New York Times, Ticketmaster chairman Terry Barnes and CEO Sean Moriarty sent a memo to employees announcing, �Live Nation has been a valued client for a very long time and we believe we�ve taken every reasonable step possible to facilitate a renewal, but they seem intent on a direction for their business that leaves us no viable way to work together.�

The two parties have been negotiating a renewal of their agreement that expires at the end of next year. A sticking point was reportedly how the two sides would split the excessive monopoly customer rape charges a.k.a. service and convenience charges.