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Concert costs 'trade secrets'

By Leah Wynalek The Lantern This year the Ohio Union Activities Board spent students' money to bring big names such as Drake, Kings of Leon and Cobra Starship to campus. Although some students are satisfied with the artists OUAB brings to Ohio State, others might wonder exactly how much they are paying for concerts they don't attend. But OUAB won't reveal how much it pays performers to come to OSU, calling the information a trade secret. "OUAB often competes with other entertainment venues in the area and other schools for the same acts," Eyer said. "Competitors having knowledge about the amounts we pay for performers would adversely affect our ability to negotiate the lowest possible rates and therefore reducing the buying power of the student activity fee dollars."

Full post as published by The Trade Secrets Vault on June 09, 2010 (boomark / email).