MOVING FORWARD

Many of you have emailed regarding the positive spin I tried to put on the TicketMaster / Live Nation merger in the newsletter a few weeks ago  https://liveworksnews.wordpress.com/wp-admin/post.php?action=edit&post=274.  If the notes I received were actually from SEC regulators, the deal would never happen.  But of course they aren’t.  The hearings on Capital Hill are a near formality in my humble opinion.  The two companies would have never announced the deal if their lawyers didn’t think the merger would pass the “sniff test” both hear and in the EU.  Might they have to sell-off a few businesses to make everyone happy, sure…but this deal is happening and will close, so we might as well move forward.  You know that Irving and Rapino are….Tim and Randy at AEG too. 

It is interesting the way others view our business.  For instance, pick-up the March 2009 issue of Fast Company.  In it are “The World’s 50 Most Innovative Companies”.  As you would expect, the usual suspects are there; Apple, Google, Amazon, Zappos, Disney, Warner Music Group, CAA…wait, WARNER MUSIC GROUP and CAA!!!!  And not just WMG and CAA, both AEG and Live Nation are listed as “Companies to Watch”.  Are we all missing something?  Are we too busy playing armchair quarterbacks to see that the time of innovation is passing us by? 

Truth is there are a lot of good things we can talk about.  WMG now has a merchandising company that makes a profit not only for them, but for their artists too.  CAA teamed clients Will Ferrell and Tony Hawk with Sequoia Capital to create web brands FunnyorDie.com and ShredorDie.com.  AEG continues to invest in our business by building state-of-the-art facilities and Live Nation is about to pull-off one hell of a merger (too bad it probably won’t do anything for my stock). 

The time for innovation is now.  Just think about how many companies were started during the Great Depression.  Banks are going to be put under more pressure to give out business loans.  Have an idea, it is time to Move Forward!

Talk with you soon…

Jim

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