Harvey Goldsmith used his keynote speech on day two of the In The City international music convention to issue a stark warning to the live music industry and to call for greater unity between publishers, promoters and record companies.

"Today we live in ticket hell and what concerns me the most today is the fact that the live industry is absolutely thriving," the promoter said Sunday, during a lively interview with British artist manager Jonathan Shalit.

"The live industry has really jerked itself up and has become pre-dominant globally. But alongside that is baggage, and the baggage is: What is the price of the ticket? What does that ticket mean? Who is dipping into the pot? And how does it work? And I think that we're about to go into a very, very bad cycle, because we've allowed the ticketing industry to become a kind of bunion that sits on your foot and gets bigger and bigger and bigger."

Goldsmith added, "E-Bay are the biggest tickets touts in the world currently and underneath them is another group of horrible parasites called the secondary market, who go under this banner of being professional and helping the industry, and all they're doing is fucking the industry."

He continued, "We in the live industry are suddenly allowing all of these parasites to take over ... The truth is we don't need them. We never really needed them, but we let them come in and take over and it's big problem. It's something that's going to bubble up to the surface and if we don't get on top of it, it will take us over, and it will kill the industry."

When asked by Shalit whether artists really care for the public, amid increasing ticket prices, Goldsmith made his sole reference to the upcoming Led Zeppelin reunion concert at London's 02 Arena, which he is organizing.

"It's a hot potato. It's something that I am currently living in ticket hell with this Led Zeppelin show. I'm trying to make an example to deal with the fact that we want to give everybody a fair chance of getting a ticket." Tickets for the Zeppelin show are distributed on a lottery basis through an official Web site.

The mood was not entirely downbeat in the business, however, and the legendary promoter's closing summary did suggest hope for the future.

"There is a partnership future that will work," Goldsmith said. "There is room for all the models as long as they don't keep trying to dominate the other and trying to push each other down."

Earlier in the day, one of the prevalent themes of this year's convention -- artists increasingly working independently from record companies -- was addressed in a number of panels and discussions.

Speaking to label boss and Soul II Soul frontman Jazzie B, music writer Lloyd Bradley stated that the current state of flux being experienced throughout the industry "had opened the door to a DIY ethic that we haven't really seen since punk."

"That closeness is coming back now the record companies are being side-lined and people are able to knock-up records at home," he said.