NEW: Live Nation destroyed concerts.
Fifty years ago tickets to the biggest acts on Earth cost less than $50. Then Ticketmaster took over.
Now people are paying thousands of dollars, and indie venues are getting crushed. While Ticketmaster/Live Nation is making bank.
The CEO of Live Nation- Ticketmaster was paid $33 million last year, and has a net worth of $611 million.
Of course he thinks concert tickets are underpriced.