Toy law & entertainment merger

February 10, 2009 3:22:16 PM PST
New toy safety standards went into effect Tuesday. The good news is they're designed to make children's products safer than ever before.

The bad news is retailers are scrambling to abide by the tough new requirements and some have to take drastic measures.

You may have to search harder to find used toys, at least for a while. Many re-sellers are temporarily shutting down.

For instance, RePlay Toys in Warminster is closing its doors until March 3rd. It said it needs the time to come into compliance with the Consumer Product Safety Improvement Act, which bans the sale of kids' products that exceed the new limits of lead or a chemical called phthalates.

RePlay said it will re-check its entire inventory of secondhand merchandise and eliminate certain product lines altogether including cribs and any products manufactured before the year 2000.

Two of the biggest forces in the entertainment business are teaming up. The world's number one concert promoter Live Nation is merging with ticketing giant Ticketmaster Entertainment. The combined company will be called Live Nation Entertainment.

So what could this mean for you?

Some say the deal could lower ticket prices for concert-goers because the mega-company would have more bargaining clout with artists.

But regulatory experts warn the merger could be delayed because of concern of a possible concert industry monopoly.

The deal already has one prominent detractor the Boss himself, Bruce Springsteen.