The great thing about Ticketmaster is that it's seen as the comprehensive site for ticketing, artist information, venue information. We're a marketing platform, not just a technology platform, and we're going to build on it.
Every time you buy tickets on Ticketmaster, you help to digitize a book.
Everything Ticketmaster stands for is what we're fighting against. They're just a small cog in a machine where the artist is at the bottom.
The history of the ticketing business was about barriers to entry, which kept Ticketmaster protected. That has changed.
Any ICO going forward that doesn't use a 'Ticketmaster-style' queueing engine is clearly trying to ruin the ecosystem.
We can't say to a Ticketmaster venue that says they want to use a different ticketing platform, 'If you do that, we won't put shows in your building.'
In early days of Live Nation, we really believed it was important to be a direct-to-consumer business, which the labels aren't and no promoter was at the time. By merging with Ticketmaster, we could we give the artist a direct relationship with the fan.
You look at the tremendous success of Facebook. To my mind there is not a lot of commerce going on in these social networking sites. eBay is a community anchored in commerce. It is a commerce site that built a community around it. What has not been proven is if the reverse can happen and people will go to community sites to do commerce.
The Negro loves America enough to criticize her fundamentally. Most white Americans simply can't be bothered.
If the asset solves a real problem for a real customer, then there'll be value in the asset.
Ticketmaster does not set prices. Live Nation does not set ticket prices. Artists set ticket prices.
What we forget is that African Americans made the largest contribution to America, economically, before the Civil War of any sector of society. I read that the railroads were worth about $2 billion, but slavery was a $3 billion asset.
When I was in eighth grade, I created a Backstreet Boys fan site. I came in third place in a fan site contest and got to meet them.
It's true that not every day a little black girl in a low-income family from a segregated steel town makes the runoff to be the mayor of the third-largest city in America.
My net worth is the market value of holdings less the tax payable upon sale. The liability is just as real as the asset unless the value of the asset declines (ouch), the asset is given away (no comment), or I die with it. The latter course of action would appear to at least border on a Pyrrhic victory.
There has been loss of steel manufacturing. Those people need jobs. Where you have to build the third airport is where people are. So you're right; if his site isn't playable, then our site is right next to it.