Livenation’s merger with Ticketmaster, two companies-Live Nation and AEG-constitute an effective duopoly in live event venues and promotion. Asset-stripping for the benefit of private equity investors has even driven numerous radio companies to bankruptcy, but industry lobbyists continue to push the FCC to eliminate existing caps on how many stations they can own in a single market.Ĭonsolidation in labels, publishing, management firms, booking agencies, and live venues. Indeed, rather than defending the interests of working musicians and music fans in ensuring an open and healthy marketplace characterized by fair competition, we’ve too often seen federal regulators fail to get involved.įMC’s research has found that ownership consolidation in commercial AM/FM broadcasting has resulted in less local content on the airwaves, less genre diversity, and more homogenous playlists this has amounted to fewer chances for diverse artists to reach audiences and for diverse regional scenes to develop. In the face of these changes, musicians, composers and smaller music businesses have often felt unprotected. Over the past 30 years, musicians have experienced ownership consolidation in nearly every part of their business and in adjacent markets, both online and offline. Rather than competing to best serve musicians and fans, monopolies can abuse their dominant position to unilaterally set terms and conditions, taking advantage of their gatekeeper role to limit choices suppress wages. Monopolies make this much more difficult, making it harder for musicians to reach audiences and. In a healthy marketplace, musicians can choose from broad array of potential partners in pursuit of the creative and career goals.
Musicians’ goals, motivations, and career paths are diverse, but most need two basic things from the marketplace: access to audiences and income streams that are sustainable, fair, and transparent.
0 kommentar(er)
