A lot of you have asked me about my feelings on the proposed Ticketmaster / Live Nation merger. Ticketmaster fulfills the sale of concert tickets and now owns the largest artist management company led by Irving Azoff. Live Nation is the largest concert promoter (guarantees the artist a fee, markets the show, sells tickets and produces the concert for a percentage of profits).
Here is why I am excited about it.
This should be some good watching. There always has to be a villain in the music business that prevents the fan from sitting on stage for free and riding in the tour bus with the artist. The artist puts out this image that they are all about the fans and if it were up to them, they would sign every autograph and play for free, but only some of them are genuine about it. In the past, there have been record companies, promoters, booking agents and managers shielding the artist. The record companies have been removed from the equation and now there is only the promoter, the agent and the manager remaining. This deal bringing the promoter and manager (agent works for manager) to serve the interests of their shareholders. It would be like having Ann Coulter and Bill Maher in the White House as President and Vice President. The artist will ask for a guarantee, the show will underperform, the manager will now have to either collect the money to give to the artist and create losses for its own company, or ask his artist to take less (the right thing to do in my opinion) and have the artist question the loyalty of their manager.
Once fans realize that the artists and their managers are the ones making the decision on how much to charge for tickets, how much to add for a service fee and who gets to scalp them, there will be no one to hide behind. The expectation will certainly become for more access to artists, tickets to be cheaper, fees to be reduced and scalping to end.
I am only 38 and no where near as wise or experienced as the people leading these other companies. I like the deal for the wrong reasons. I think every artist should have to be their own promoter and only get paid for the tickets they sell. (I do believe the promoters should be accountable for doing their job and have SOME skin in the game with the artist.) In the past, artists have demanded insane guarantees that have put promoters out of business when a show didn’t sell enough tickets yet only allow promoters to make a small percentage on shows that sell out.
When we worked with John Mayer to do a cruise for his fans, I begged them not to ask for a big guarantee. His team put up no fight and said it wasn’t Sixthman’s job to sell out the cruise, it was John’s. Our job was to take care of his fans and produce a great experience. That is the kind of artist we need more of and I believe some artists will lead the way and then the rest will have no choice but to follow. Irving Azoff, who leads Ticketmaster and manages some of the biggest artists in the world is the only person that can shift this paradigm. He is known for taking care of his artists and is in a great position to hold them accountable by letting them know we live in a new world. I have had the chance to meet Irving and work with his company on several of our cruises. He is a genius and can help return a good balance to the music business.
I can’t wait for the day when the artist has to earn every ticket sale. No different than a PGA golfer having to make a 3 foot putt to earn a paycheck. Can you imagine how innovative these creative artists will be in improving the fan experience? I can. I witnessed it this week watching Brandi Carlile take every opportunity on our Cayamo cruise to sit at any piano on the ship and play for 30-40 minutes to 100 people or so. She would invite guests up to sing with her and she even organized and hosted her own fan club party.
If this merger is what it takes to get there, then lets get it on.
-Andy














