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Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsJustice Department says illegal monopoly by Ticketmaster and Live Nation drives up prices for fans
https://apnews.com/article/justice-department-live-nation-ticketmaster-antitrust-lawsuit-df9b552d127e1494db13e3cd625787a8WASHINGTON (AP) The Justice Department filed a sweeping antitrust lawsuit against Ticketmaster and parent company Live Nation Entertainment on Thursday, accusing them of running an illegal monopoly over live events in America squelching competition and driving up prices for fans.
The lawsuit, filed in federal court in Manhattan, was being brought with 30 state and district attorneys general and seeks to break up the monopoly they say is squeezing out smaller promoters and hurting artists.
We allege that Live Nation relies on unlawful, anticompetitive conduct to exercise its monopolistic control over the live events industry in the United States at the cost of fans, artists, smaller promoters, and venue operators, Attorney General Merrick Garland said in a statement. The result is that fans pay more in fees, artists have fewer opportunities to play concerts, smaller promoters get squeezed out, and venues have fewer real choices for ticketing services. It is time to break up Live Nation-Ticketmaster.
The Justice Department accuses Live Nation of a slew of practices that allow it to maintain a stronghold over the live music scene, including using long-term contracts to keep venues from choosing rival ticketers, blocking venues from using multiple ticket sellers and threatening venues that they could lose money and fans if they dont choose Ticketmaster. The Justice Department says Live Nation also threatened to retaliate against one firm if it didnt stop a subsidiary from competing for artist promotion contracts.
The lawsuit, filed in federal court in Manhattan, was being brought with 30 state and district attorneys general and seeks to break up the monopoly they say is squeezing out smaller promoters and hurting artists.
We allege that Live Nation relies on unlawful, anticompetitive conduct to exercise its monopolistic control over the live events industry in the United States at the cost of fans, artists, smaller promoters, and venue operators, Attorney General Merrick Garland said in a statement. The result is that fans pay more in fees, artists have fewer opportunities to play concerts, smaller promoters get squeezed out, and venues have fewer real choices for ticketing services. It is time to break up Live Nation-Ticketmaster.
The Justice Department accuses Live Nation of a slew of practices that allow it to maintain a stronghold over the live music scene, including using long-term contracts to keep venues from choosing rival ticketers, blocking venues from using multiple ticket sellers and threatening venues that they could lose money and fans if they dont choose Ticketmaster. The Justice Department says Live Nation also threatened to retaliate against one firm if it didnt stop a subsidiary from competing for artist promotion contracts.
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Justice Department says illegal monopoly by Ticketmaster and Live Nation drives up prices for fans (Original Post)
In It to Win It
May 2024
OP
No shit sherlock - now do something about it. I don't think we need more research.
walkingman
May 2024
#1
From the no shit Sherlock department, but glad they're finally doing something about it
unblock
May 2024
#2
walkingman
(8,111 posts)1. No shit sherlock - now do something about it. I don't think we need more research.
unblock
(53,916 posts)2. From the no shit Sherlock department, but glad they're finally doing something about it
Something is really off when the ticketing company makes more than either the venue or the act.
Of course, their hold on the market was a problem even before the merger, which made the merger's approval all the more ridiculous.
onecaliberal
(35,125 posts)3. As do countless other industries. Not only ticketmaster.
hlthe2b
(105,081 posts)4. I remember going to lots of concerts & events as a teen. Hardly any in the past 20+ years...
Events are ridiculously expensive and the high ticket prices are in addition to sometimes very expensive travel/parking costs--or even lodging if too distant.
Honestly, I think major concert tours ought to be routinely recorded for streaming to larger audiences later on. I still treasure some concerts I saw in person that ended up on DVD.
BluesRunTheGame
(1,758 posts)5. I miss the days when concert prices were reasonable...
SupportSanity
(747 posts)6. And Woodstock tickets were only .....
See for yourself (and this was for a whole day of music)