It looks like the recession has hit the concert business in a big way. Billboard reports: that the industry is facing what could be its worst summer since the mid-1990s as a slew of A-list acts ranging from the Jonas Brothers to Kings Of Leon battle slumping ticket sales.Artists such as Christina Aguilera, the Eagles, U2 (due to Bono's back surgery), Rihanna, John Mayer, Limp Bizkit, and the Go-Go's have canceled either shows or entire tours.
Rumblings of a tough year for touring began a couple of months ago, with predictions ranging from "mediocre" to "bloodbath." Two main culprits may be at fault: ticket prices and traffic. At the center of the storm is Live Nation, which controls the majority of summer touring, particularly at the amphitheater level. - read more at Billboard
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