Ticketmaster Loses $1.07 Billion in Last Quarter of 2008

The meteoric dive of the music industry is showing no signs of slowing down. March 19, Ticketmaster posted a loss of $1.07 billion for the last three months of 2008. The monopolistic merger between Ticketmaster and Live Nation and the resulting controversy over outrageous ticket prices forced upon concertgoers, makes the company’s failure seem fitting. Read more...