Fernando Lebeis, Guns N’ Roses Manager Takes to Reddit to Discuss Controversy
We posted a story yesterday about a superfan being threatened with a lawsuit from Guns N’ Roses and their record label over almost 100 leaked songs that made their way online last year. Well Fernando, Guns N’ Roses manager took to reddit to give his thoughts on the whole matter (it has since been deleted) but a fan took a screen grab. Check it out below!
Dave Matthews Band and Pat Benatar Lead Rock Hall Voting
There is one week left to go before the Rock and Roll Hall of Fame’s fan vote closes. Currently Dave Matthews Band is leading the pack. They’ve received almost 900K votes, which is 100K more than the second place artist Pat Benetar. The top 5 is made up of the following
Dave Matthews Band – 894,847 votes
Pat Benatar – 799, 414 votes
Doobie Brothers – 714, 102
Soundgarden – 656, 270
Judas Priest- 614,829
It’s important to note that Dave Matthews Band wasn’t even in the top 5 when voting started back in October. Back then Benatar was in the number spot, while Doobie Brothers were in the second place rank.
You can see the current standings at the Rock Hall’s website.
According to Market Watch both Live Nation and Ticketmaster claim that buyers are getting a good value on concert tickets even though ticket prices have gone up year after year.
Live Nation CEO Michael Rapino told Market Watch that he recently told investors that concert tickets are “an incredible bargain” in comparison to other entertainment options. I don’t know what entertainment options he could be thinking of, but Rapino made the case that increasing prices provides a “huge opportunity for our bottom line.” Ticketmaster president Joe Berchtold concurred with this assessment.
Georgetown University finance professor Jim Angel revealed why he agrees with the box office giants saying
“It’s sort of like how investment bankers underprice initial public offerings. They want to make sure that the investors have a good experience and that there’s no unsold stock left at the end of the offering.”
Angel also points out that the lower price comes at a cost with the scalper market thriving.
However, according to the same report US congress is investigating six ticketing companies and their practice.