Tuesday, September 12, 2006

AEG sued by Forum owners

Let me preface this by saying this has nothing to do with Sprint Center.

However, it does have to do with Sprint Center's operators, AEG.

The owners of the Inglewood Forum, the former home of the "Showtime Lakers" filed a lawsuit last week against AEG.
Inglewood's Ailing Forum Blames Owner of Staples -- The church-owned venue accuses Anschutz Entertainment of monopolistic conduct

The lawsuit charges that Anschutz — until this week the exclusive booking agent for the Forum — had engaged in a conspiracy with Anschutz affiliates to "unlawfully monopolize" the Los Angeles entertainment market.

Concerts can be highly lucrative for arenas because of the fees and concession sales they generate.

Lucrative enough to keep a new building afloat without an anchor NBA or NHL (or AHL, it seems) tenant? The City hopes so.

From now until December 31, 2006, the Forum has three show booked.
Source: Ticketmaster and Pollstar

The Forum group said the arena had hosted 12 non-church events in the current fiscal year, including big-name concerts featuring Madonna, Pearl Jam and Coldplay. But the company said its own representatives arranged 10 of those events.

What does this mean for Kemper? Well, Kemper is home to the American Royal, so I'm sure it will be fine.

"When you build a new arena, you want to make sure that you're not competing with the old arena in town," he said.

Old arenas frequently are torn down or for contractual reasons don't compete with newer ones. In Houston, for example, when an old arena was sold to a church, it held its own events but did not host other acts.


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