Higher concert price fears

Higher concert price fears

The latest UK dates on Madonna's Sticky & Sweet world tour have sold out just minutes after going on sale this week.

Madonna

Madonna is one of the most lucrative live acts in the world and fans will pay hundreds of dollars for a seat at high-profile rock concerts like this.

But there are fears that live concert prices could be forced even higher - by a deal to create a new giant in the entertainment industry.

The US Justice Department is investigating a proposed merger between the world's number one ticket seller, Ticketmaster, and the world's biggest concert promoter, Live Nation.

Currently, Live Nation has its own ticket agency to rival Ticketmaster.

Steve Butcher, is chief executive of the Seattle-based agency Brown Paper Tickets, and he believes that any merger would threaten competition.

Listen Listen to Steve Butcher (23 secs)

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Unjustified fears?

Others, though, believe fears of higher ticket prices are unjustified with the world in the grip of economic downturn.

Robert Sandall, a music journalist at the Sunday Times newspaper in London, told World Business News why he thought it was unlikley that any merger would mean higher prices.

Listen Listen to Robert Sandall's interview (2 mins 6 secs)

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First broadcast on World Business News on 12 February 2009