Proposed Merger Draws Cooncern from Congress

The proposed merger between Ticketmaster and Live Nation has members of congress, public interest advocates and ticket brokers concerned.

These groups have teamed together to launch a site www.ticketdisaster.org outlining areas the merger could have a negative affect on. Key bullet points such as the increase in concert ticket prices and further promoting competitive practices in the entertainment business. US Rep. Bill Pascrell Jr. (D-NJ) said "these web sites will give the fan, the ticket buyers, the information they need to understand how they will be affected by the proposed merger as well as give them the chance to voice their opposition to the pending deal to the U.S. Department of Justices antitrust authorities."

The merger between the two companies is somewhere in the range of $2.5 billion.