I've said it before and I'll say it again: You're really becoming a important music journalist for many people! Thank you for sharing your insights, thoughts and opinions on a topic most music-consumers wouldn't even think about on their own
Completely agree! I love tanks videos! I used to play in a band that was close to signing with victory or earache records, it didn't work out due to band conflicts. But tank has been that explanation to that what if we had gone further.
As someone who does work at a lot of Live Nation venues...I can confidently say they're an evil corporation that cares only for their profits. They don't care about music, they don't care about the artists, they don't care about the crews, the security staff, the vendors, the custodians, the ticketing staff, they ONLY care about the profit at the end of the season. Plain and simple.
I am a cpa and the reason for there being separate entities for all their subsidiaries is not for tax purposes but legal liability reasons. So if the subsidiary gets sued, only that subsidiary can get sued and not the parent company so the parent can only lose their initial investment protecting their exposure to the parent company. That is why when live nation buys a company they do not merge it into the parent company. Also, being Delaware registered saves the companies significant fees. Delaware did it on purpose to attract companies to its state. It mostly favors credit card companies and investment companies. There are companies that the only purpose is to register the businesses in Delaware.
One can only hope that Live Nation being suddenly in the spotlight again for shady practices is a good thing. Monopolies prefer it when most people don't even know they exist.The whole dynamic pricing/Blink 182/Taylor Swift stuff put them into the spotlight probably a lot more than they would prefer. Now there's a new federal investigation and everything.
It's happened before, and Congress did nothing. Pearl Jam even came to the capital and told Congress that ticketmaster had a monopoly. That was almost thirty years ago. Mark my words. Nothing will happen.
R’s have House control & that party has no problem with monopolies. Then when R’s obstruct on the corporations behalf, the companies or industries finance their next campaign. Repeat dating back to Reagan.
As a long time musician who's floated around the edges of the industry, I find these videos utterly fascinating, disturbing, and completely unsurprising. Tank, while I love your reaction videos (they're why I came here in the first place), please, PLEASE keep making videos like these. By and large, the public has no idea how insidious TicketBastard and LiveNation have been over the past few decades. We need to keep boosting the signal. On a related note, Steve Albini wrote a scathing article about how major labels treat bands, all the way back in the 1990s, for Maximum Rock n' Roll. Despite its age, much of what Albini wrote is still tragically relevant today. I highly suggest you read it (should still be readily available on the interwebs if you search for it).
Live Nation is currently buying all the concert venues here in Toronto, Canada. Watching them take over all the old venues like Lee's Palace, Mod Club, Velvet Underground and drive out the promoters who built the scene here is depressing as fuck. The complete subversion of the global music industry is real.
@@TankTheTech I heard the deal is in the works from a local promoter here a week ago and he seemed confident it would be in their pocket by next year. I'm not sure if that means just the club, or Collective Concerts as a whole. I assume they'd love to take over Collective the way they did with Embrace, which put Danforth Music Hall and Velvet Underground into the Live Nation portfolio.
Fun fact: In Germany they were too "late" to take the same huge market share fraction they might have elsewhere. The market here is dominated by Eventim - in a quite similar way Live Nation does it elsewhere ...
I went through the list curious if Eventim is in it or not. And for the venues i usually visit it seems fair priced. But most of them are owned by the city, other big companies, or for clubs a typical owner as you would have thought.
Fellow Swedish tech here. Very few shows capable of generating a decent revenue, are performed without LN getting their share. We've known this for years, but it's very hard to get out of the stranglehold.
That sucks. I used to talk to a bunch of swedish bands like 20-15 years ago and it sounded like things were much different then. But also, a lot of them where happy to play in small bars at the time, so maybe that's the difference.
It's interesting to wonder exactly how such reach affects the touring scene. Me and an ex professional musician friend were chatting about how our local city seems to get passed over for gigs, most notably of late an actual band from our city who skipped the home completely when out on a 40th anniversary album tour, whilst showing up at large venues in neighbouring larger cities. We could only presume that it must have been related to promoter activity and either a bias towards certain venues, the ticket prices which those places might pull down, or a combo of the two aspects.. looking at this series which you've covered here man it wouldn't surprise me if we're on the right lines. Keep rolling with it man.. it's interesting.
I'm not in the music industry but any bigger industry with a reasonable or large logistic tries to brake it down in: - as view stations as possible - circular movement of goods by the same company idealy your own company. - as view people as absolutely necessary This saves huge amount of money and beside reduced number of jobs in logistics it's good for the company. I get why it doesn't translate well to music, and if the system is designed lean enough it's not flexible enough to handle something special like an extra place.
Jimmy Buffett and Phish are two examples of artists that do indeed receive up to 110% of the gate. At least at venues owned by Live Nation. Their fans drink. A lot. So they can afford to offer the higher rate.
BTW we have this even worse in Finland: one company controls the biggest radio stations, biggest news papers a National TV channel, festivals, and artist promotions. So they decided what artists can play, are written about, are in the spotlight across the media...
Wow...just googled if Live nation and IHeart Media were related. Live nation has a good chunk of Iheartmedia, who owns the vast majority of radio stations in the US.
This is so wild!! I had no idea LiveNation was so widespread, but now that I really think about it I'm not all that surprised. Thanks for shining a light, Tank!!
a lot of luxury, super cars are registered in Montanna as well. I see Montanna plates everywhere here in L.A. on Rolls Royce's , Lambos, Bentleys, McLarens etc
I'm gonna talk about Mexicio because we are on a different place that most, here we have Ocesa whihc is tehe biggest promoter, that Live Nation has been trying to acquiere and they bring the biggest artist and shows, also another big one is Telmex which is the biggest telecommunication company in the country, but they have so much money they actually promote events mostly cultural ones if there's a big orchestra or a broadway musical in Mexico Telmex is probably the one who booked that show, but even with those 2 big companie the bussines is mostly regional, Ocesa even being the biggest promoter mostly does shows on the countries capital and rarely does outside of it, and here the industry is mostly about big regional promoters that bring the artist to perform, here in my state Nuevo Leon we actuallyt have 3 big promoter which is Apodaca Entertainment which mostly does the popular stuff and alternative, then there's Primitime Entertainment and they have no preference they have book from big port artist to, regional mexican, to metal shows etc. and then there's Cacique Entertainment whihc are sepecialized on Metal and weird stuff experimental stuff like if someday Swans comes to my state they would be most likely be the company that books them, and it also works the same for every state all of the have their regional companies that book shows, so we cant's say that one company has consolidated power on the country, also is the same with ticket companies there are 2 big ones in the contry which are Super Boletos and Ticketmaster, and both have almso the same market share, i have even seen events were tickets are being sold by both ticket companies, also there's regional ones here in my state Nuevo Leon we have Hot Ticket whichi is a regional ticker company and actually has sold tickets for big events, so yeah here in Mexico we have a healty market mostly because of how regionalized the market is. P.D. Also most big show here the tickets start at 40 USD, and 300 USD tickest are mostly VIP stuff, and for smaller regional shows i have been in a lot of metal show were the tickets are as low as 10 USD most of the time the ticket on those show are like 20-25.
Just looking at the list I notice a lack of companies in Japan. I wonder if that is one of the reasons why bands from Asia get a lot of resistance to western markets.
Live nation is part of the booking for Janet Jackson concerts that are intentionally overbooked you are stuck and concert can’t even enter the place and and they don’t plan on giving money back. WHERE ARE THE LAWYERS!! Class action lawsuits
Would be interesting to know if Live Nation owns some technical suppliers too. I mean it would be insane if they only use Meyer Sound PAs because they own them or they only use lamps by Robe or SGM or something (the mentioned are all independent)
Live Nation (aka Ticketmaster) is a giant greedy beast who needs to be knocked down a few notches. They have way too much power and influence, the fees are friggin ridiculous and their customer service sucks! I just had a run-in with them just over a week ago regarding a simple change in format of my ticket to see Jinjer at the HOB and they flat-out denied it and offered no work-around or even a hint of an apology or sympathy. (luckily, I was still able to see Jinjer and they rocked the house!)
I've only had one experience with LiveNation/TIcketmaster. It was.... Not positive. Nightwish was going to be relatively near my area ("Relatively". Still a six+ hour drive) and I just had to jump on that. I ended up getting a fancy ticket on the balcony floor of a spot in Los Angeles, and they tossed me an email saying that the ticket would be mailed when they could, since Covid was happening at the time. Show got delayed by about a year, and NW's rescheduled event was a month away finally. I toss LN an email inquiring about the ticket, but no response. Event's a week away, I send another to their support. No response. The show's two days away, and the loop repeats. The day AFTER the event, they finally respond back asking if I still needed help. Of course there was no getting a refund, and the ticket never did arrive. They also never responded back when I explained the situation to the support mail that finally got to me the day after the event had ended. It also took me three un-subscribe attempts before I finally got out of their newsletters.
The “Half As Interesting” channel did a great little video a few years ago called “The Tiny Building Where 285,000 Businesses are Based”, that explains how everything works there, there’s even a photo of the building :)
Let me tell you a story. My daughter wanted to see Jurassic World at the Hershey Giant Center. So I went on Ticketmaster to check for tickets. Two tickets, sect. 105 row f seats 1 and 2, $395 with fees. I said nope sorry can't get tickets. My daughter was upset but understood. A few days later, I was in Hershey and went directly to the box office. Two seats, sect. 105, row D, seats 5 and 6, $85 dollars.
If artists like M Shadows want supply and demand to push ticket prices into the stratosphere, then they better not be on the mic asking for the crowd to make noise when it's made up of a bunch of rich people sitting on their hands, when the only reason they are there is because it's the cool thing to do and they can afford it.
Dude, what's REALLY interesting about the whole thing is that T-Swift's tour is actually being managed by a subsidiary of AEG Presents (Messina Touring Group), not by Live Nation (side note - AEG valued at 12.8B as of 2022). But Messina is a 50-50 joint venture with AEG and has freedom to choose venues and ticketing services. Most of the venues that were booked have exclusive deals with Live Nation and so they ended up having to use TM for tickets rather than their own AXS service (not that it would have performed any better). As if one monopoly wasn't bad enough, the only company large enough to provide any real competition is still forced to work with them. I would say thank god for companies like DWP putting on large scale festivals outside of the scope of Live Nation, but even they ticket through Front Gate, who was bought by Ticketmaster, who is owned by Live Nation. SMH We're all screwed LOL!!
As someone on the inside. Live Nation is very good at not making itself feel like it owns the world. Although it seems that money is almost never a problem.
100% , if going to lie go 80 . but that's my lawyers job! ant my job! But I don't know shit last time i bought tickets Ya had to go stand in line for ours , careful kids don't look , pre-internet but got to love buckeye lake music center , we from Thornville , children of the corn finds there way in , money was for dope not tickets! way it should be !!! just saying !!
Just glancing thru my ticket apps on my phone. Live Nation and Ticketmaster. Enough said. Next I have AXS, which is owned and operated by AEG (#2 to LN). Then I have Ticketleap which is independent and solely online. And finally, DICE which seems to be unique in its business model. "Customers can add themselves to a waiting list for sold-out shows. If users are no longer able to attend a show they can return their tickets to DICE; these tickets are then passed on those who have added themselves to the waiting list on a first-come, first-served basis." (Note: My (now refunded) tix for (cancelled) Electric Callboy in NYC was thru DICE.
Delaware gets money and employment out of being a corporate haven. Not as much money per company as they would if they had higher taxes but if they raised those they wouldn't have all those companies... as mentioned 2/3 of the Fortune 500 companies are registered there. Basically it's one of those where it all adds up.
Delaware is very "business friendly" - a great place with low fees to register/maintain a company - I believe their Commercial Courts are considered the same. All those registrations and court case mean $$ and employment opportunities.
Disgusting! This is why I refuse to attend live nation shows and give the money. Independent venues and eventbrite for tickets these days for me. This is also why I want to open my own club. When are antitrust laws going to come into play?! Late stage capitalism is really dirty.
Fan of the channel, but your stuff about Delaware incorporation is way off base. I'm a former corporate lawyer. It isn't a tax dodge to incorporate in Delaware. In the USA, you pay state income tax based on where you generate revenue, where your operations are located, and where you employees are located. It is based on a formula. The location of your state of incorporation has nothing to do how much state income tax you pay. The franchise tax is where states charge a fee to use their states for incorporation and it is not based on income. Delaware actually has a moderate fee. The low franchise tax state is actually Nevada, a popular place for tiny companies to form. Anyways, the reason why businesses choose Delaware is that they have a very flexible corporate law that allows the business structure their business in many ways, but offers some bright line protections to deter scammers. It is a good balance. But then it offers a lot of gap fillers of how corporate law works if the corporate charter is silent on issues that can resolve a lot of potential future disputes. And then it has a very strong corporation judiciary that can handle disputes related to control of the company. These are hard core judges that know a lot about corporate law and aren't judges that do gun or drug possession cases and then a corporate takeover challenge the next. That certainty as to how the corporate law works and disputes will be resolved in a objective manner makes investors more comfortable. I see it all the time, as an investor, if I saw a corporation incorporated in a place like Kentucky, it would make me nervous because he don't know how those judges would act and if they would protect the rights of the shareholders. Anyways, boring legal stuff, not a big conspiracy to avoid taxes. That is another issue and doesn't have to do with Delaware. Just saying Delaware corporations are usually a good thing for both investors and corporate management and the public at large.
faulty system. sickens me. This scheme is legal, because ppl/parties who could fix the system are prolly gaining from the faults. As long as this goes on, the richest part don't pay taxes, but all the ppl not able to gain from these schemes pay more.
i wish more % went to artists and stage crews. they create great music then work such long hours to perform live, and get smaller cuts than the corporate office workers pushing papers around 9 to 5.
I had to scroll down the list and check, but nothing Japanese on that list. At least not yet. I hope it stays that way to be honest. Though I wouldn't be surprised if there's the same situation, different company in Japan. Also had to check back on it, but the EC tour in the USA was AEG. 😮
Hey Tank, I recently had to have a shop work on my guitar because some of the internal hardware had become rusted. When I bought my guitar, I was never told about basic quality of life things you should do on a regular basis. Could you make a video about everything you should do to maintain an electric guitar?
In your first video I wrote that LN/TM should be forced to name the companies that makes the Concert and ticket industry competitive, but after this I understand that every company name they drop has to be cross checked to see if it is a real competitor or just a dummy company that acts the way they do to justify the actions of LN/TM. The link you give goes to the Securities and Exchange Commission so I trust that they have all the information they need to take a closer look into the matter. I was watching a video by Attorney Tom that one of your viewers was kind enough to point out (ru-vid.com/video/%D0%B2%D0%B8%D0%B4%D0%B5%D0%BE-UARkrvkd9fg.html , it's 8 mins 14 sec long). In that video Tom says that things like this takes time to get sorted out, A LOT of time. He gives one example where it took 10 years to get to the bottom of everything. I think it's good that this situation gets investigated, but sadly I don't think we can expect any major change to happen right away. Cheers / B.
Awesome breakdown! Learfield/IMG is the same thing in the sports world, and wouldn't surprise me to find out they are connected. They've hired LiveNation/TM execs already.
How big is CTS Eventim in the US? Here in Germany it's like there is Eventim where you can buy your tickets and nothing else. Ok somewhere is Ticketmaster and MyTicket too, but literally everyone uses Eventim. I wonder if this is a German/European thing or if it is somehow the same in the US
CTS Eventim Operates only in Central Europe (and a few select countries in Eastern Europe), however has a third of the value of Live Nation according to Google, Considering they are only operating in like a dozend countries, that should give you an idea how powerful they are over here. btw, Live Nation does sell more tickets to their shows on Eventim here than on ticketmaster. Eventim is also shitty, but by far not as bad as Live Nation. But that might be partially due to them losing a couple lawsuits when they tried to do more shitty things.
I like the Babymetal way of pricing. It's a moderate price, to go to the gig, you get a fantastic show and they film every concert! They then sell the concert DVD. So far, I have 20+ Babymetal concerts, in my DVD collection. They spend millions of £s on their live shows and it's for the DVD release, which they make a profit from. At my last look Sabaton/Babymetal, next year was only £67. For a Stadium gig, I don't think that is unreasonable. 15 years ago, Kate Bush tickets were near on £200. Much as I wanted a ticket, there was no way I could afford that. Music has always been a money making market. We're just realising it now that the money is more important than the music. BTW I'm not criticising Babymetal, in any way. Kobametal and Amuse Inc, have got the balance right.
Metallica tix are getting ready to go on sale for their new stadium tour. Maybe they can get the ticketmaster site to crash again (I doubt it) and then we can sick Lars on Live Nation... I don't know that any company can withstand the wrath of him and Taylor Swift 😁
Don’t give a shit about politics, BUT… No business this big should be contributing money to any political party. That’s why we have politicians letting these businesses get away with shit.
Since 2017, I've been to over a dozen shows. Using Live Nation to purchase my tickets, ive never paid more than $70, which includes parking, for any of the tickets to these shows.
This is ok by the government, but xbox/microsoft is being scrutinized for buying activision and other such companies? Why is this ok for live nation to do but not other companies in other spaces?
My guess? Someone's pockets are being lined. Live Nation Entertainment is very well known for being involved in Politics, and I'd imagine some of our politicians are getting paid.
In Germany the biggest ticket company I know of is Eventim CTS, which as far as I can tell is not owned my Ticketmaster (yet). But these guys are also not the good guys, they are noted at the stockmarket, BlackRock is one mayor investor, they tried to get in the German toll road system which was thankfully cancelled by EU law and they are watched by the German federal cartell office for being the quasi monopoly on ticket sales here.
Sabaton is operating all their business through Cyprus registered companys which is a kind of EU Delaware. Band members are residents of Cyprus too because of the taxes laws and they literally live their. I ones met 2 bands members just on the street and soon found out that they are literally living in the same neighborhood as me (when i lived in Cyprus).
A bit late to the party, but yeah Live Nation (and all its subsidiaries) sucks so much and are only getting worse. To the point they are killing the live event business, at least for the regular people who just want to enjoy the events. Thank you for this broad explanation Tank, really interesting!
Thank you for always putting out such great content, Tank. Not just the usual reactions, I've been learning a lot from the other formats, such as the podcast and these let's say "vlogs" kinda where you just talk about stuff that most of the times escapes us. Keep excellent bro, and again, thank you!!!🤘🤘
I had a bunch of record companies and artists as clients back in the early nineties and it was ridiculous how these artists are taken advantage of. The recording companies basically give a small royalties advance to pay for the recording and then then every fee possible is changed to the band such as legal, accounting, etc. basically if the recording does not do extremely well the band will own some of the royalties income back to the record company. It’s insane. You basically will owe the record company but I never saw the record actual try and get the money back. I don’t know how it is today because know everything is digital and no more record sales but I would believe that these record companies are still taking advantage of the artist in other ways.
Another Reason More Then Ever ,Don't Tour It's Not Worth The Time Anymore Your Better off Just Putting up A Video From Say A Rehearsal No More Costs For Buses Crew Can Just Set Up For Video in On Rehearsal Hall Album If Released Let That Out . Think of The Hassel These Bands Would Save Themselves. Definitely Not Worth Touring Anymore
There isn’t a single show in Montreal that isn’t promoted or has tickets sold through Livenation/Ticketmaster. It’s infuriating because they can just hike up the price of a ticket at any time.
"Delaware shell companies have been implicated in numerous domestic and international laundering cases, including those involving drug trafficking and fraud." "The address "1209 North Orange Street" in Wilmington, Del., has become known in recent years as the epicenter of U.S. corporate secrecy. The squat, split-level building is the official address of over 285,000 companies, many of which are looking to take advantage of Delaware’s Panama-like secrecy rules, tax incentives, and business-friendly case law. In the wake of the recent "Panama Papers" scandal, this unassuming brick office has received renewed scrutiny from the Washington Post, the New York Times, the Telegraph, and advocates for corporate tax reform."
HOLD ON! Liberty Media owns Live Nation Entertainment!? For those who don’t know they also own Formula One and the driving force behind racing series success starting with Drive To Survive on Netflix.
I worked for a company which got buyed by LN few years ago. LN mostly Buys kinda 51 % of a company or splits it between other subsidiaries. They want to Organize everything.... obviously. Biggest competitors ... yeah AEG and Eventim (mostly Europe). But bookers are just hopping from one big company to the other. Live Nation wins, cause they paying more than others. And yeah... All For The Profit... but it's the same with AEG and Eventim.... Keep supporting the Underground and independend organizers ... thats kinda all we can do. But they struggle with implementing a lot of those companies they buy, you just cant buy a small company and integrate into this Monstrosity without any problems. But as long you can raise the ticket prizes, sponsorings and anything else, they dont have to keep an eye on their own company. Instead of getting better, you just raise the prizes. And looking at the sales of the Metallica Tour etc.... I don't have much faith, that people may learn... And dynamic prizing and Platinum Tickets are the purest Evil sht ever....
Only the tip of the iceberg .. check how clear channel got to own so many radio channels...how viacom bought and cancelled mtv..bought guitar hero video game and killed it on purpose..AEG Live,where they came from and now control. The Three Major Record labels,who they bought up and their almost entirely cancelling full bands for single artists. The relationship with Billboard Charts(Payola) Where did iheart come from..The music corporations under the Viacom umbrella..and how they all work with eachother as a corporate monopoly.
You've been explaining why I don't go to Live Nation events. I'm not willing to be molested and extorted to support my favorite groups sorry. I also am not into spending a couple hundred dollars to be treated like a juvenile punk. Anywhere else you spend 200-400 dollars they kiss your ass for it.
I'm a musician, I go to live shows often, listening to this makes me kind of glad im not famous lol..well I sort of am in some ways but not because of music lol
Mate i love, love, love your reactions. Besides this interesting video, i beg for you to react to callejon. Callejon is a german metal band. They do satoric videos of rap songs, even re-creating the videos in cheap. Its hilarios. Songs: - Was du Liebe nennst (what you call love) video reaction? :):) - silver surfer (holy fuck that refraint...) - Von party zu party (from party to party) - Urlaub fürs Gehirn (vacation for the brain) Edit: i didnt expect legend tank you read this so i was pretty rough with my informations... They do often do kinda satirical covers, yet also cover great songs like "schrei nach liebe" from "die ärzte". They also do own songs like "silver surfer".
So if Live Nation went out of business tommorrow, wouldn't the music touring industry cease to exist?The super huge bands always have and always will control the game. The game is to make the super rich bands get all the money and perks and everybody else eats the crumbs. The industry, including the artists, have let this be a reality. You might remember a guy named Geffen. This guy just stole from the artists and they kept coming back for more.
I'm typing this at the 5:06 mark of the video so I don't know if this gets addressed later. It's actually VERY common for a corporation to be incorporated in Delaware and have a physical address somewhere else. Delaware has some of the friendliest terms to corporations and they allow incorporation without a physical presence within the state. If you look at any company that has subsidiaries, you'll see the vast majority are incorporated in Delaware. Edit: 9:00 Ah. I see you did go over this. Good. This is actually a good thing for businesses.
I think eventually there will be no good indie artists anymore, the corporations have too tight a hold on the music industry. Sure, you can operate outside of it, but try convincing anyone who's a normie to move away from streaming and go back to downloading and paying for individual songs and albums. You won't be able to. I ultimately blame piracy for this, because that's all these streaming platforms are is legalized piracy as they pay fuck all to smaller artists just so they can funnel that money to the majors and their artists. So in a way, its WORSE than piracy.
Delaware is very freindly on corporate taxes and rules on publicly traded companies as a such most really big US companies and subsidiaries thereoff are primarily in delaware. And the broker is a "service company" they accept service documents, they are the owner of that small brick building, they basically act as a PO Box for companies pay them to be the registered agent, collect the paperwork and mail it on.
Delaware is also frequently chosen for the vast majority of businesses because of the Court of Chancery which is advantageous for corporations dealing with various legal disputes. Delaware is structured to be extremely pro business for organization for corporations. And under laws as they exist now corporations have two theoretical “homes”, that being the state of incorporation as well as their state with their headquarters. But as you address there are various jurisdictions for many different business lines and structures that have their statutes geared to attract various entity types. Wyoming for example is extremely popular for LLCs thanks to their tax structure, protection of liability and privacy. Or for a seemingly less nefarious example I work for a state agency that regulates insurance and we are extremely popular because the taxes we charge are by comparison low to many other states but we require you have material operations here otherwise we won’t regulate you because we feel if we are to regulate you then your business needs to bring economic benefit to our state citizens. But we also have a much larger department with much more funding and have the funding and work load that we can hire specialists for more nuanced things that other jurisdictions can’t. It seems wild but preferred jurisdictions for various business things is extremely common.
Explains why the Fillmore is charlotte is such a scam. Pay for VIP then get there and the standing area for VIP is trash and it’s $100 on the spot for a seated area (that is also bad).
I'm not sure if it's planned for the smaller companies to keep most of their employees but what they did when they got involved in my city they sent one person to over see the theatre and 7 radio stations I believe that had all of the offices in the font and basement levels of the theatre. The rest of the staff remained. As far as monopoly goes there used to be laws regulating broadcasting companies in the USA. You could only own so many broadcasting radio / television with in a geographical area and population reachable as predetermined by FCC. Lobbyist eventually financially pursuaded our honest members of congress to change this law and they surely did.
Holy shit, even though everyone knows this was all just to save face, literally as I opened RU-vid just now, just after live nation announced no more merch cuts, at least at certain venues at least as I understand, with the stipend on top of that, this video popped up in my feed. Gotta watch it again of course.😏👍
