moe tkacik Profile picture
Jan 20 36 tweets 18 min read
Good afternoon music fans! In honor of all the chumps over 40 camping out in online Hell to score concert tickets today, a thread on all the times your (least?) favorite musician crossed paths with the omnipotent empire known as Ticketmaster/Live Nation.
What the "Ticket Masters" understood from the start was the power of installing themselves as gatekeepers btwn rock stars & fans.

(This story *probably* starts with the CIA money launderer who bilked Creedence Clearwater Revival in the 70s and bought Ticketmaster in 1981, but..)
For now let's start with the @gratefuldead, whom Ticketmaster threatened to boycott from captive venues in 1991 if the band didn't allow TM to sell ALL their tix.
Historically the Dead had reserved 50% of tickets to sell by mail to fanclub members.
The band threatened to unleash mobs of angry Deadheads upon Hyatt hotels.
Ticketmaster czar Fred Rosen backed down and let the Dead have their 50%. This became known as the Grateful Dead Exception. And it would NEVER, he swore to himself, happen again.
In the early 90s Aerosmith's Steve Tyler became dismayed by reports that kids were camping out to buy tickets & leaving empty-handed. He had staff interview all the people sitting in the front section of a concert & learned that every single one had bought tix from a scalper
While touring Italy @iamstevent likened Ticketmaster's control of concerts to Mussolini's railroads.
The band tried to broker a Grateful Dead Deal.
Instead, Ticketmaster offered to pay them an extra dollar per ticket, Aerosmith's manager testified before Congress.
Then came L'Affaire @PearlJam which started when Ticketmaster refused to give the band a break on service charges when it played free shows & charity fundraisers.
Then the band tried to get a Grateful Dead deal to keep tour tickets below $20, and Ticketmaster declared war.
I & @KristaKBrown explored Ticketmaster's war on Pearl Jam in the upcoming issue of the American Prospect. It's a wild tale replete with mysterious break-ins, Giuliani-connected double agents, Roger Stone and classic Clinton treachery. prospect.org/power/ticketma…
One of Ticketmaster's shrewdest moves in its war on Pearl Jam was enlisting @GreenDay who essentially advised Vedder to take a "pay cut" & even @IanMacKaye who said he didn't think TM's Fred Rosen was a "bad guy" but the product of a "bad system"
Courtney Love however was not fooled. She repeatedly defended Eddie Vedder. Of course she fucking did.
Ticketmaster's victory over Pearl Jam & the Telecom Act of 96 unleashed a tsunami of music consolidation. By 2000 TM was essentially an offshoot of an empire that controlled 1000s of radio stations & billboards, 100s of venues & even 100s of musician FAN CLUBS (thanks to his guy)
that's right, Dave Matthews sold out big time to Clear Channel, selling a stake in its MusicToday fan club management business in 2000 and later selling the whole thing.

At this point Clear Channel & Ticketmaster were still ostensibly separate companies..hitsdailydouble.com/news&id=273346…
BUT, once the Evil Empire swallowed the DMB's fanclub company, a little band called the String Cheese Incident @SCI_Official that had been selling concert tix directly to fans found itself frozen out by Ticketmaster's exclusive relationship with MusicToday.
So String Cheese sued
Ticketmaster ultimately offered SCI a Grateful Dead deal
(Rosen was gone at this point, having launched a consultancy w/ future Ticketmaster CEO Irving Azoff)
But SCI was not allowed to tell anyone abt its deal.
The band regretted settling, but by then it was 2003.
In 2003 Clear Channel was 1 of the most powerful companies in America, the Dixie Chicks were 1 of the most popular bands & George Bush invaded Iraq for reasons that are still unknown but basically boil down to Epic Deep State Cash Grab.
The Chicks did not agree with the invasion
Clear Channel went into overdrive to punish the band, organizing pro-war rallies across the country where fans destroyed the band's CDs, removing their songs from hundreds of playlists, and boycotting the band from dozens of markets.
The saga inspired a song called "Monopoly" from Chicks songwriter & longtime family friend Terri Hendricks, wherein she rhymes "all-time low" w/ "all about control"
The vibe is "Howard Dean biodynamic vineyard fundraiser" & I mean that in the BEST way
Taylor Swift, who shares the Chicks' concert promoter Lou Messina -- who had sold out to/left/sued Clear Channel in 1999-2000 -- said the band's blacklisting had "terrified" her as a young fan.
But Clear Channel did not sabotage artists solely for political reasons. When Britney chose (Messina backer) AEG to promote a tour in hopes of boosting her (sigh) film career, CC removed her songs from playlists, inviting a DOJ "investigation" that SOMEHOW never amounted to much.
Clear Channel continued to terrorize Britney though, airing a hoax account of her "death" in grisly a car crash & later taking out billboards with photos of her manic head-shaving episode to advertise its "crazy" morning shows...
In 2005 Clear Channel renamed its concert biz "Live Nation" & spun it off in apparent response to litigation.
Live Nation's chairman was Michael Cohl, who got rich & famous giving MASSIVE upfront payments 2 rock stars, then collecting phony 10% "taxes" on each concert ticket
As CD sales cratered, Cohl started doling out 9-figure "360" contracts to @madonna, @ladygaga, @sc etc.
Wall Street thought Cohl spent too much $ on Madonna & Cohl's protege iced him out of the company. But Cohl knew they'd figure out a way to make back the cash
the spending spree decimated what remained of the indie music business. Live Nation & its sole legit competitor spent >100% of ticket sales on proven acts, destroying regional promoters & and sending ticket prices soaring. When @ladygaga signed on with LN, her tix soared 133%
Meanwhile, Ticketmaster was doubling down on new forms of gouging. It bought off regional ticket brokers, teamed w/ @vanhalen to sell off their best tix to scalpers & split the profits, & rigged systems to direct fans to scalped tickets even if primary tix were still available
What could possibly make this system worse? Only one thing, according to The Boss: the merger of these two symbiotic concert vampires
Reader, he married him.
The merger of Ticketmaster & Live Nation seemed unthinkably wrong to everyone in the music business. But once it happened, what was anyone supposed to do? As @nineinchnails Trent Reznor put it:
The thing about monopolies, however, is that once you've eliminated the need for them to compete for anything at all, you've pretty much ruled out the possibility that anything will get better. They will only get worse, and with no recourse.
Which brings us to the Astroworld tragedy, a mass death that before it was memory-holed by a dozen newer mass deaths was widely blamed on... a shithead rapper.
But the real manslaugter ofc was committed by the omnipotent music monopoly, as @MrChuckD pointed out
This brings me though to a recurring trope of LN/TM PR: Always Be Blaming Rock Stars. If tix cost $23,000, it's that Taylor Swift was too lazy to tour last year. If folks doled out a month's salary to not see @sanbenito, surely he owes it to them to play a free show
@sanbenito It's not Taylor Swift's job to block bots, or Travis Scott's job to control crowds, or Drakeo the Ruler's job to confiscate murder weapons from titular fans.
It's LiveNation's job, but as with airlines/hospitals/railroads/baby formula plants there's no one forcing them to do it
The Break Up Ticketmaster coalition is trying to get the DOJ to do its job, and break up Ticketmaster and/or somehow regulate it like a utility. We've collected almost 100,000 letters of support. Help us crack 100K this weekend? actionnetwork.org/letters/tell-t…
AAAnd, the rest of the thread is here:
Another attempted heroine I forgot to mention. @Adele who is I think the only modern act who sells more actual music than Swift, tried to plan a 2016 tour without Livenation OR AEG & hired a company called Songkick to root out scalpers. It did not go well hypebot.com/hypebot/2015/1…
Livenation EXECUTIVES pled guilty to hacking into Songkick's databases & punishing Adele by suppressing info on her tour from its website.
Songkick filed Chapter 11 & sold out to LN
DOJ fined LN $10 million.
Last year LN reported revenue of $16 billion bloomberg.com/news/articles/…

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More from @moetkacik

Oct 14, 2022
Still wrapping my mind around the news that supermarket behemoths Albertsons & Kroger are planning to merge. If this deal goes through we should all just go Amish.

A thread about how private equity made:
-food deserts
-food hyperinflation
-$$$$ ImageImageImageImage
Some context: as we know from yesterday's CPI # the gap between the 13% inflation inflicted by grocery stores vs 8.5% imposed by restaurants is a staggering 4.5 points.

That is 100% because restuarants are a competitive business, and supermarkets are a depraved racket Image
Kroger fwiw
-has done $4 billion stock buybacks since Covid started
-closed 5 CA supermarkets solely to get out of paying $4-5 an hour "hero pay" bonus
-just narrowly avoided a strike in OH by conceding to raise cashier wages $1
-is somehow substantially LESS evil than Albertsons ImageImage
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Oct 6, 2022
Maybe you've heard Sysco @Teamsters are on strike in 3 cities. But unless you work in a commercial kitchen, you probably don't know what Sysco even is, or why so many chefs & small restaurants are *rooting* for the strikers.
Goldman Sachs-spawned Sysco & PE-backed US Foods are tyrants of the restaurant supply cartel. Their service is often shockingly bad.
But they're Kings of M&A. Sysco's acquired more than 150 rivals. Chefs have nightmares about USF swallowing their purveyors economicliberties.us/press-release/…
During the pandemic Sysco's brand new CEO laid off a third of its workforce. Probably he got the idea from the railroads, which had just laid off a third of their workers without even a pandemic to blame. What could go wrong, right? bizjournals.com/houston/news/2…
Read 11 tweets
Jun 15, 2022
I cannot tell you why there's a tampon shortage.
But last year Procter & Gamble
-controlled 50% of the US tampon market
-generated $17.8 billion operating profit
-spent $13.5B on stock buybacks
-spent $8.4B on dividends
-ran out of cash before they paid the cotton guy?
But 4 years ago Kimberly Clark, whose Kotex has 20% tampon share, fired 5500 workers bc "pricing pressure" had limited its 2017 op profit to just $3.3B
(K-C's 19% op margin=2x S&P 500 avg)

No pricing complaints in their last earnings call, though...
Kimberly Clark CEO/UChicago MBA Mike Hsu feels your pain though
"Certainly, we recognize at the price levels we're putting into the market, they will create stress on the consumer"
fool.com/earnings/call-…
Read 5 tweets
May 11, 2022
ladies and gentlemen, the Democrats!
Porter's $174K salary=abt125% the DC MHI
DC never suffered deindustrialization
IT doesnt participate in recessions
There's clean public transit & free preK3
Financed by legalized bribery
Which is why a big bronze mogul baby who never loaded a dishwasher can be "populist" here:
Everyone else is just so sheltered.
Like until Trump came along
it never even occurred to these people that oligarchs were loathsome?
They never saw their town disemboweled by one
Or anyway, they never looked back
well maybe they read that jd vance book
Read 5 tweets
May 11, 2022
So, the origin of the baby formula pocalypse was Abbott management's refusal to repair dilapidated and failure-prone drying machines turning the plant into proverbial petri dishes for cronobacter, because...

They needed that $5.73 billion for stock buybacks, obvs ImageImage
Parallels with the Boeing murders are too numerous to list but as u can imagine
-Total breakdown in basic quality control protocols
-Rampant record falsification
-Fired whistleblowers
-Culture of insouciance re duping regulators who
-did not exactly display a sense of urgency ImageImageImageImage
The other big Boeing parallel is, 2 companies control 80% of market for absolutely essential product.

But! Airplanes have like 1.6 million parts so, yeah, not so many companies can do that.

With baby formula, the only excuse for that degree of concentration is Mafia shit.
Read 11 tweets
Apr 19, 2022
"Physician labor activism" has never been a thing in this country. I have a story up today on @LeverNews about why that is changing.

Hint: rhymes with "Cryvit Sequity"
levernews.com/out-of-the-er-…
1/
The story follows the docs of a busy Level 1 Trauma Center where USACS, an Apollo-backed ER practice rollup, recently bought the practice

Most ER docs now work for loathed PE-backed megapractices, but USACS was the first to pay *doctors* $21 AN HOUR sullivanlegal.us/denver-hospita…
2/ Emergency medicine has historically been the specialty for med students who were willing to do All Of The Things at Any Hour of the Day EXCEPT run a F-ing business.

For decades they got paid by the hour to treat whoever walked through the door & that's how they liked it.
Read 14 tweets

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