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As if the concert industry really needs another monopoly…

From Billboard…

Only weeks after HOB CEO Greg Trojan told Billboard that he did not see a sale of his company happening, Live Nation has entered into a definitive merger agreement to acquire HOB Entertainment, Inc. for an aggregate purchase price of $350 million. The transaction is expected to close by the end of the year.

Live Nation recently acquired a controlling interest in the touring division of Michael Cohl’s Toronto-based Concert Productions International and a 50% interest in CPI’s Grand Entertainment division.

Me thinks we’re going to start seeing a lot more autonomy in the concert biz (as if we don’t already)…can the indie promoter really make it in today’s world?