Wednesday Intermezzo: The $400 Ticket

Remember when Ticketmaster and Live Nation promised that a merger of the two companies would lead to lower ticket prices? We’re only one quarter into LN/TM’s reign of terror & already the company’s CEO, Michael Rapino, has hinted in a conference call yesterday that increasing the face value of tickets is part of the company’s plan for the future. Anybody surprised?

Apparently, TicketsNow has lost tons of business because LN/TM can’t link to the ticket reselling site leading Rapino to try to get the artists themselves to increase the price of premium tickets moving forward.

Let’s take a quick peek at what else is goin’ on this hump day…

Finally, we’ve been keeping tabs on Stones Week, but Jimmy Fallon isn’t the only late night host to book great bands this week. Last night, MGMT played a set at the Ed Sullivan Theatre as part of the Live on Letterman series. You can watch the entire performance below…

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