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October 11, 2007

A market lesson for tweeny-boppers

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Column on the Financial Times comment page, October 11th

One must hand it to Hannah Montana. She has not only overcome the handicap of being a fictional character to achieve pop stardom but tickets to her live show have become the most prized and controversial securities since Google’s initial public offering three years ago.

Ms Montana (aka Miley Cyrus, 14-year-old daughter of the country singer Billy Ray Cyrus – he of the achy breaky heart) takes to the stage next week for her US tour. Before a note is sounded, she has caused mayhem among fans, parents, attorneys-general and all others with a stake in live shows.

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