Was Bono's back the straw that broke Live Nation?

Madonna, Jay-Z and U2 hailed it as the saviour of the music industry. Desperate investors hoped it would prove you could still make money in an era of rampant music piracy. Concert-goers might have winced at soaring ticket prices, but it seemed they would continue to flock to its venues. A cadre of the most powerful moguls in entertainment dreamed of recasting the industry and making a fortune.

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