1.Who is Irving Azoff, and why is he trying to save the music business?
-Mr. Azoff is the CEO of Ticketmaster Entertainment. He plans on merging Live Nation and Ticketmaster to concentrate concerts, artist, and reduce the number of middlemen between artists and fans.All this reduces ticket prices, for the public to appreciates going to concerts during this recession and so the music industry makes profit.
2.How are the "economics of the concert business" changing?
-People aren't going to as many showing and concerts as previously in the past. With shortage of money and the struggle in the music business and "economic change" is slowly crashing.
3.How is Ticketmaster's near-monopoly on ticket sales for major entertainment and sporting events being challenged?
-StubHub started up buying Ticketmaster's tickets and waiting til the last minute to re-sell the ticket's for a much higher price to consumers.Ticketmaster tried to fight back but still failed.with the merge of the two companies the cheaper prices with bring more business.
4.Why did the Eagles deal only with Wal-mart when they released their latest album?
-To make more profit off their CD and just the chump change they had previously received for later albums.
Thursday, May 7, 2009
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