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Benign little LiveNation, a mere offshoot of Clearchannel has been given the ok to purchase House of Blues owned venues.
Not that i was a fan of House of Blues by any means(they have taken it to favorite locally owned venues and increased the price of FUN by 30 or more percent), but competition in most cities has been eliminated. All bow down to ClearChannel, your GOD of live entertainment.
From Pollstar...
DOJ Clears Live Nation / HoB Deal Updated 11:05 PST Tue, Oct 31 2006 The Department of Justice has given its blessing to the acquisition of House of Blues Entertainment by Live Nation and the transaction is expected to be completed within the next five to 10 business days. Staffs of both LN and HoB were notified by respective chiefs Michael Rapino and Greg Trojan that the deal is virtually done, save for the issue of transition. Once the transaction is closed, the ownership of House of Blues Entertainment will formally be transferred to Live Nation stockholders. The DOJ's clearance, which reportedly was issued October 27, came somewhat earlier than anticipated. When the acquisition proposal was announced in July, it was believed the deal would close by the end of the year. Instead, the transaction will occur with much integration work left outstanding. That work is expected to be completed within 30 to 60 days, however, and Live Nation has assured HoB that it will strive to make the transition as smooth as possible.
