Please ensure Javascript is enabled for purposes of website accessibility
June 6, 2023

When accounting goes unaccounted for

Menu
Latest
EY Interns Are Going to Have the Worst Summer Labor Board Lawyer Cancels Non-Competes With This One Simple Trick, Employers Hate Her The SEC Charges and Then Trolls Crypto Exchange Binance PwC Chair Basically Threatens AI Will Replace You If You Don’t Come Into the Office Monday Morning Accounting News Brief: PwC Names Names in Tax Scandal; ‘Your Own Everest’ | 6.5.23
M&A

Congress Sketched Out by Ticketmaster’s Luring of Live Nation to the Dark Side

by Caleb Newquist

empticketmaster.jpgCongress isn’t so sure that Ticketmaster inviting Live Nation into its tentacles is a good idea. Lawmakers think that the deal would remove our only hope to defeat the Dark Side of the live entertainment industry.
Senator Herb Kohl, D-WI, who chairs the antitrust subcommittee, has said that the merged company “would enjoy a virtual stranglehold over the live entertainment industry.” Translation: Help us DOJ. You’re our only hope.
We get Congress’s desire to ask the DOJ to scrutinize the deal but if they really wanted to do something to help concert-goers, they need to have Ticketmaster explain how the “Convenience Charge” is actually convenient and why it is usually somewhere between 15 and 25% of the actual cost of the ticket. Oh, and why processing fees, handling fees, and venue fees are all ness. K, thanks. And may the force be with you.
Ticketmaster and Live Nation Merger Raises Concerns [DealBook]

empticketmaster.jpgCongress isn’t so sure that Ticketmaster inviting Live Nation into its tentacles is a good idea. Lawmakers think that the deal would remove our only hope to defeat the Dark Side of the live entertainment industry.
Senator Herb Kohl, D-WI, who chairs the antitrust subcommittee, has said that the merged company “would enjoy a virtual stranglehold over the live entertainment industry.” Translation: Help us DOJ. You’re our only hope.
We get Congress’s desire to ask the DOJ to scrutinize the deal but if they really wanted to do something to help concert-goers, they need to have Ticketmaster explain how the “Convenience Charge” is actually convenient and why it is usually somewhere between 15 and 25% of the actual cost of the ticket. Oh, and why processing fees, handling fees, and venue fees are all ness. K, thanks. And may the force be with you.
Ticketmaster and Live Nation Merger Raises Concerns [DealBook]

Latest Accounting Jobs--Apply Now:

Load more listings

Have something to add to this story? Give us a shout by email, Twitter, or text/call the tipline at 202-505-8885. As always, all tips are anonymous.

Related articles

business people shaking hands
M&A

Baker Tilly Will Be Making Moves

by Adrienne Gonzalez

A couple months ago I guessed that Baker Tilly was working on a big merger — to which a merger expert I pester from time to time asked incredulously “with who?” (paraphrased) — and then suddenly CEO Alan Whitman up and left making me think maybe I was wrong. Whitman’s sudden departure was a little […]

business people shaking hands
Firm Watch

Berdon Got a Lot of Dates But Ultimately Chose to Hook Up With Citrin Cooperman

by Going Concern News Desk

Thanks to the commenter who brought this to our attention. Accounting firm merger madness continues, this time the union of Citrin Cooperman and Berdon announced on the 1st. We should have seen it coming as Citrin Cooperman has been busy the last 15 months, growing revenue by $200 million and completing several mergers since private […]