Thursday, July 6, 2006 , Updated
House of Blues Bought
According to the New York Times
"Live Nation, the nation's biggest concert promoter, said Wednesday it had reached a deal to buy the No. 3 promoter, HOB Entertainment, the operator of the House of Blues clubs, for $350 million, in a further concentration of the live-music business."
HOB controls Dallas' Smirnoff Music Centre and is planning to open a House of Blues club in the White Swan Building early next year.
The second-largest promoter, AEG, controls Nokia Theatre at Grand Prairie.
General analysis is that this consolidation is a good move for these big companies, but bad for musicians and fans, as it puts too much control of artist fees and ticket prices in too few hands.
Sol, says:
I have worked with Live Nation from Time to Time in Houston and Dallas. I am very fortunate to have a relationship with this company. Here is a link to the write up from Pollstar. I would paste the Press Release they sent me, but its too long. So here's the link:
http://www.pollstar.com/news/viewnews...
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