Did you hear the one about the creatively spiraling rock star who wrote a letter to Congress expressing his support for the proposed merger between Ticketmaster and Live Nation? Next up, we'll hear from Chinese toymakers about the safety of lead.
The rocker in question is Billy Corgan. He used to front a band called Smashing Pumpkins, which is not to be mistaken for the band called Smashing Pumpkins that he toured with of late.
Corgan's letter was recently exposed by his hometown newspaper critic, the Chicago Sun Times' Jim DeRogatis. Suddenly, anything bad I've ever said about Prince looks like kids' play now.
Corgan wrote, "The combination of these companies creates powerful tools for an independent artist to reach their fans in new and unprecedented ways, all the while restoring the power where it belongs."
In his letter, intended for the Senate Committee on Antitrust, Competition Policy and Consumer Rights, Corgan is talking about so-called 360 deals, where a merged Ticketmaster/Live Nation company would oversee all facets of artists' careers, including sales of CDs, tickets and something you now see at most concert merch stands: thong underwear (giving Corgan's ex-bandmates a joke about how he always rode their backsides, too).
The bad guys in Corgan's eyes are corporate record companies, which have already lost all their value and power. These used to be the companies that would pay the $500,000 studio fees and bail money for artists like Smashing Pumpkins but then dare to ask for another song or two. Maybe even a good one.
Turns out, Corgan is even less of an unbiased source on the Ticketmaster/Live Nation matter than your average millionaire rock star. His manager works for Irving Azoff, the Eagles manager who is also now in charge at Ticketmaster.
But that's not why Corgan should've kept his mouth shut. The real reason is the guy probably hasn't bought a ticket through Ticketmaster since before he still had hair.