Concert promoter Jack Orbin, founder and president of Stone City Attractions, this week criticized the U.S. Department of Justice (DOJ) consent decree allowing the Ticketmaster/Live Nation merger, stressing that the deal will severely damage the live entertainment industry.
In documents filed with the DOJ and written by attorney David Balto, a former Federal Trade Commission executive, on behalf of Orbin, the promoter said he believes that nothing in the merger will stem the rising tide of concert ticket prices; the average concert ticket price nearly tripled between 1996 and 2009.