Live Nation Canada has acquired the century-old rock hall, the Opera House in Toronto, aiming to showcase the best of the venue and expand its global venue portfolio.
Ryan Gosling, actor and member of the band Dead Man's Bones, during the band's concert at the Opera House in Toronto, on Oct. 21, 2009.Three months ago, Live Nation Canada cheerfully announced its acquisition of the Opera House in Toronto.
“It’s all about putting behinds in the seats, and Live Nation wants to control the world,” veteran independent Toronto promoter Gary Topp said in an interview with The Globe and Mail. “They’re providing a very valuable service,” said Shain Shapiro, the founder of global research and strategy consultancy Sound Diplomacy, and author of the new book. “I support anyone who invests in live music, but if Live Nation or anyone else is the only game in town, that doesn’t benefit the collective.”
Creamer enjoys a positive relationship with Live Nation and sees the advantages of the company’s acquisition of other concert presenters, particularly the ones operating out of historic buildings: “I’m super stoked these venues still exist, however that happens.” Because it owns Live Nation and Ticketmaster, Live Nation Entertainment has long been criticized for perceived monopolistic practices. It was revealed late last year that the U.S. Department of Justice was investigating the company for potential antitrust violations.
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