Good article in "Swan Fungus" about Billy Corgan of the Smashing Pumpkins, the RIAA's dancing monkey:
The Great Pumpkin Goes To CongressComplete article
Hey, I just remembered something I learned in college! Wild, right?
My 20th Century Media course taught me all about “synergy.” When corporations try to consolidate their power in a given industry by merging or acquiring other corporations, they hope to benefit financially by controlling the 13 power roles that make up a given form of mass media. For example, when Sumner Redstone and Viacom owned Blockbuster Inc., Viacom controlled the producer and distributor/exhibitor roles, and the consolidation of power benefited the company financially because stores could stock more Viacom-related films (Paramount Pictures, DreamWorks, MTV Films, et al.). It behooves any major corporation to try to achieve synergy. Of course, it also behooves intelligent members of the public to fight against synergy. Generally speaking, synergy is horrible for consumers because it leads to market saturation and less choices. There are absolutely no benefits for consumers when it comes to corporate synergy.
…Which is why I am completely unsurprised to read that Billy Corgan — the frowning prince — has sent a letter to several members of Congress saying that the potential Ticketmaster / Live Nation merger is a good idea.
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