With the record business decimated by illegal downloading, the live concert represents the ailing music industry's biggest source of revenue. But as journalist John Seabrook reports in The New Yorker, the live concert business has yet to reconcile two competing sides of its identity. For the world's leading concert promoter and ticket seller — LiveNation and Ticketmaster, respectively — a concert is a moneymaking venture.
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Scalping And scarcity: The economics of live music
