in reference to who the “losers” are to the live nation / ticket master merger:

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Independent promoters: While indie promoters have survived the promoter consolidation that created Live Nation by being nimble, niche-oriented and often better promoters, they’re now up against an even more formidable opponent. Those who have spoken out publicly against the merger have to wonder if they’ll get a realistic shot at promoting artists affiliated with Live Nation.

Record labels: The fact that labels weren’t even a participant in the most important music deal of the new millennium speaks volumes. Labels have been attempting to become players in concert promotion and merchandising, with varying degrees of success. As recorded-music sales keep falling, the center of gravity in the music business is shifting from labels to the revenue opportunities centered on touring.

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cool, huh?