Speaking to congress about the impending Live Nation + TicketMaster merger Billy boy said this:
“…The combination of these companies creates powerful tools for an independent artist to reach their fans in new and unprecedented ways, all the while restoring the power where it belongs…In short, we have a broken system. This is a new model that puts power into the hands of the artist, creating a dynamic synergy that will inspire great works and attract healthy competition. The proposed merger you have before you helps create those opportunities by boldly addressing the complexity of the existing musical and economic landscapes.”
How can this man say this with a straight face? The power into the hands of artists! That’s laughable, especially after the Bruce Springsteen/TicketMaster debacle. What independent artist do you know using Live Nation? . . um. . there are none. The only people who use Live Nation are geriatric rockstars.
Also isn’t this a massive conflict of interest? Billy Corgan is managed by Frontline, which is headed by Irving Azoff who also just happens to be the CEO of Ticketmaster and is slated for a top position in the new merged company!
Billy Corgan used to be painted as a rebel, an outsider. Now he is an obvious puppet for a dying regime. But all is not lost. Bob Lefsetz wrote an inspired post about the future music. It will live again because of truth and quality, not because of mergers like this.[youtube=http://www.youtube.com/watch?v=s6J28OdEKrI]
Take Control of Your Music