For only $120 Million you can get a piece of that. Hmmm. Sure here last tour did some big business but her record sales are on a perpetual slide down and one can argue that the profitability of her shows goes down each tour. Higher ticket prices yes, but also more expensive productions. Regardless, the deal is totally boring and has no eye on the future. Unarguably this is a depreciating asset. Her good stuff is several records behind her. They are simply renting a used piece of machinery. If Live Nation had any balls they could take a fraction of that $120 million and invest it in EVERY cool young band in America. Unless you were a total idiot you would be picking the next multi-platinum artists. Just by shear numbers you would have to be able to accomplish that. This is such a short sighted deal. The best part is Wall Street is not even buying into it. This is old thinking for an old business model. Think of the ROI on a young band and compare that with the ROI on Madonna. Yes, there is more risk on the young band but that is why you diversify!
Dumb
File share the Radiohead record. Buy Minus The Bear, Beirut, Blitzen Trapper, Cinematic Orchestra, Iron and Wine, His Name Is Alive
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