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Live Nation and Ticketmaster are now in concert

The two behemoths in the $4.4 billion worldwide concert industry are merging. Now that they control every aspect of the live music business, it will make it nearly impossible for independent promoters to compete, immediately killing off competition with the simple approval from the Department of Justice. Live Nation/Ticketmaster is publicly saying that this will be a huge win for fans, while critics are saying that this will leave fans with no other alternatives. We find out what this means for promoters, fans, and musicians. Will it be a great win for fans? Or will this be the day the music died.

Guest:

Congressman Brad Sherman, D – CA 27th District

Congressman Bill Pascrell, D – NJ 8th District

Steve Knopper, Rolling Stone contributing editor, author of "Appetite for Self-Destruction: The Spectacular Crash of the Record Industry in the Digital Age."