Just about the worst thing that could happen to the independent live music consumer has just transpired, and the entire landscape of live music, and specifically the environment for live music in Austin, TX, will forever be changed for the worse. A deal first rumored in October for Live Nation to acquire a majority 51% controlling stake in C3 Presents has gone through for an estimated $125 million.
According to multiple unnamed sources, Live Nation is currently negotiating a deal with C3 to purchase 51% of the company for around $125 million. It’s hard to see how Live Nation getting into the independent music business and a further drying up of competition could be good for independent music consumers.
Before I get into the meat of this post, I need to do some house cleaning: For those of you that did not see the bulletin from the Hank 3 music page the other day, they announced that the much delayed Damn Right, Rebel Proud album will have additional tracks on it when it is […]