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.
Live Nation accounts for 15% of Ticketmaster's business and will now have to use an alternate ticket service for their venues across the nation. Which may in the end be a good thing for customers with a little competition that has been lacking in that business sector as "service" fees have become a bigger chunk of ticket prices.
Preview and Purchase Pearl Jam music
.
Kandace Springs - Run Your Race
On the Blue: New Horizons Cruise Day 1: Marbin Gets the Fun Started
Hot In The City: Prog Band Tu-Ner Coming to Phoenix
Slipknot To Play Rare Intimate Venue Show This Week
Deep Purple Announce New Album '=1'
Howard Jones, ABC And Haircut 100 Taking Fans Back To The 80s This Summer
Veil Of Maya and Brand Of Sacrifice Lead Summer Slaughter Lineup
Watch Sebastian Bach's '(Hold On) To The Dream' Video
Kittie To Rock North American Headline Dates
Billy Corgan's Adventures in Carnyland TV Series Premiere Announced
GHOSTxSHIP Releasing First New Music in 10 Years