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Live Nation Purchases House of Blues (HOB)

By Justin Ward ⋅ July 5, 2006 ⋅ Post a comment

As if the concert industry really needs another monopoly…

From Billboard…

Only weeks after HOB CEO Greg Trojan told Billboard that he did not see a sale of his company happening, Live Nation has entered into a definitive merger agreement to acquire HOB Entertainment, Inc. for an aggregate purchase price of $350 million. The transaction is expected to close by the end of the year.
…
Live Nation recently acquired a controlling interest in the touring division of Michael Cohl’s Toronto-based Concert Productions International and a 50% interest in CPI’s Grand Entertainment division.

Me thinks we’re going to start seeing a lot more autonomy in the concert biz (as if we don’t already)…can the indie promoter really make it in today’s world?

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Discussion

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  1. Of course, what’s not mentioned in the article, is that Live Nation was spun off of Clear Channel, as of January of this year. Same corporate board of directors, same local guys running the venues, just a different brandname.

    I’m expecting Ticketmaster[tm] to spin off an indie ticketing “alternative” any time now.

    Posted by Mike Wren | July 6, 2006, 8:51 am

  2. ticketmaster already did that with ticketweb

    Posted by CJ | July 31, 2006, 9:56 am

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