Bob Lefsetz, writer of the famed, sometimes infamous, Lefsetz Letter, recently sent out an update to subscribers with his thoughts on Live Nation's potential merger with Ticketmaster. Here's what from now on I'll call our Lefsetz Insightz of the day:
And the fan is screwed. Consolidation has not helped the fan one bit. Label consolidation reduced the variety of music. Promoter consolidation drove the price of concert tickets sky high. Music itself may be free, but going to the show is a once a year event. And after you've seen the dinosaurs, do you really need to go every year?