Posted in industry | music on March 11, 2009

Billy Corgan

"Yeah, we're getting really good at mergers and acquisitions at this point, so we've had a lot of companies that we've acquired and had to integrate. But we're working on our ability to do this much quicker. We have to keep some of these systems distributed; sometimes you just can't directly integrate them. You've got to keep running them to better integrate them into the overall enterprise."
[Joe Manna, CIO of Live Nation]

"Mr. Billy Corgan was busy in Washington today, first appearing before the House Committee on the Judiciary in a hearing on the Performance Rights Act, then delivering a letter in support of the controversial Ticketmaster/Live Nation merger. You can read Billy's words to the committee here, but essentially Corgan told congressional leaders that radio should pay performers, not just songwriters, for tracks played." [Stereogum]

"Bono said he had no opinion on the mega-merger." [Chicago Sun Times]

"I had a long conversation with a promoter who told me that with regard to a show he was promoting, Ticketmaster was guaranteeing the secondary market for the act." [Bob Lefsetz]

"In a meeting last May with more than 100 ticket brokers, Ticketmaster's then-chief executive, Sean Moriarty, acknowledged that the ticketing giant had used TicketExchange to sell 160 Neil Diamond tickets over two shows at marked-up prices." [Wall Street Journal]

"No Doubt is sticking it to Ticketmaster by selling 10% of the tickets for its North American Tour directly to fans. The goal, according to Jim Guerinot, No Doubt's manager, is for fan club members to buy tickets instead of 2nd party distributors such as TicketNow, the legal scalping division of Ticketmaster. This is the same problem Bruce Springsteen and his fans have been pissed about for weeks." [New York Press]

"AEG CEO Tim Leiweke slammed the proposed Live Nation, Ticketmaster merger, saying that it is 'not good for the industry.'" [The Busines Insider]

"Come on! Only Gene Simmons got into this business for the money. The rest of you were enraptured by the music. Can't you get the public on the same page? Can't you turn everybody into a club rat? Can't we get everybody to go out and see live music on a regular basis? Or do we have to wait until the labels fail, independent promoters are broken and every ticket is sold on TicketsNow and StubHub?" [Bob Lefsetz]

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Comments (26)

That's not Billy Corgan, its former Treasury head Henry Paulson without his glasses:
http://media.sacbee.com/smedia/2007/12/18/20/281-3C19PAULSON2.standalone.prod_affiliate.4.JPG

Posted by Anonymous | March 11, 2009 3:42 PM

Billy Corgan is the biggest Dong on the planet

Posted by Anonymous | March 11, 2009 3:51 PM

this is pretty shocking. so the whole ticketsnow thing on TM was just a cover for selling tickets at higher prices by the artists. read this part:

"Virtually every major concert tour today involves some official tickets that are priced and sold as if they were offered for resale by fans or brokers, but that are set aside by the artists and promoters, according to a number of people involved in the sales."

Posted by Anonymous | March 11, 2009 3:56 PM

Of course Billy Corgan supports the merger... he's managed by Irving Azoff, Ticketmaster's CEO.

Posted by Anonymous | March 11, 2009 4:25 PM

what a bunch of assholes.

diy shows have never seemed more appealing to me than they do these days.

Posted by scott | March 11, 2009 4:28 PM

did i really need more reasons to never support Billy Corgan again. guess i'll just add this to my list.

Posted by Anonymous | March 11, 2009 4:45 PM

Gene Simmons also did it for the nookie. RIMSHOT!!!

Posted by Ron | March 11, 2009 4:59 PM

OH, AND BTW. Billy Corgan and Bono are gigantic douches.

Posted by Ron | March 11, 2009 5:00 PM

Yes, Bono is a douche and you're a great example of a decent human being. Right.

Posted by Anonymous | March 11, 2009 5:05 PM

fuck them all. they all are a bunch of fucking greedy douches and never are satisfied with the money they have. besides, all of their bands suck.

Posted by Anonymous | March 11, 2009 5:14 PM

RIMJOB!!!

Posted by Sacred Absolute Hipster Cow | March 11, 2009 5:15 PM

Smashing Pumpkins Manager is the CEO of Ticketmaster....hmmm

Posted by Anonymous | March 11, 2009 5:19 PM

If the merger goes through, I just hope Congress conditions the merger on regulation requiring (1) there be a fair lottery system for fans (not brokers) to obtain tickets with full transparency about how tickets are sold and(2) charges by Ticketmaster to be a flat fee reasonably related to the service provided

wishful thinking I know...

Posted by anonymous | March 11, 2009 5:24 PM

he kind of looks like the old New York Stock Exchange (NYSE) chief Richard Grasso.

Posted by bernie madoof | March 11, 2009 5:31 PM

Grasso's a pig

Posted by Jimmy Cayne | March 11, 2009 5:38 PM

Maybe if we "let [him] in the sound sound," Bono will finally call it a day.

One can only hope.

Posted by early retirement | March 11, 2009 5:40 PM

i'm shocked he wasn't cast as Dr. Manhattan.

Posted by Anonymous | March 11, 2009 5:58 PM

Here's a quote from Billy's letter:

"In short, we have a broken system. This is a new model that puts power into the hands of the artist, creating a dynamic synergy that will inspire great works and attract healthy competition. The proposed merger you have before you helps create those opportunities by boldly addressing the complexity of the existing musical and economic landscapes."

He said "synergy." Whatta douchebag

http://blogs.suntimes.com/derogatis/2009/03/corgan_to_congress_part_ii_her.html

Posted by Anonymous | March 11, 2009 6:44 PM

the only effective way to stop this is to not buy tickets from Ticketmaster. support local music venues and only buy tickets from them. if you continue buying tickets from Ticketmaster then you cannot complain.

Posted by GaryK | March 11, 2009 7:52 PM

we will overcome!

Posted by Anonymous | March 11, 2009 10:07 PM

i hope they all die. all of them.

Posted by Anonymous | March 11, 2009 11:43 PM

all local venues are Live Nation/TM/MSG/Bowery Presents venues anyway.

Posted by Anonymous | March 12, 2009 11:25 AM

bullshit, Bono has an opinion about EVERYTHING

Posted by Anonymous | March 16, 2009 10:05 AM

bc is such a corrupt flake hypocrite
here is a video of him already making his new music
a cover that he is claiming is his song
without a worry in the world that jc wants his integrity cred back and dumped his sorry no talent booty
http://www.youtube.com/v/D9-7bnIxJ2U&hl=en&fs=1

Posted by emanations of bc goat farts | March 26, 2009 3:19 AM

Billy Corgan is TOTALLY Jabba The Hut singing Chocolate Rain, nice call on the vid goat fart.

Posted by Lolita | March 26, 2009 3:24 AM

that portion of that last song was better than the other two combined.

Posted by louis | October 17, 2009 1:39 PM

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