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DOJ to Sue Live Nation/Ticketmaster

Discussion in 'Article Discussion' started by Melody Bot, May 23, 2024.

  1. Melody Bot May 23, 2024
    Melody Bot

    Your friendly little forum bot. Staff Member

    This article has been imported from chorus.fm for discussion. All of the forum rules still apply.

    The New York Times:

    The Justice Department and a group of states plan to sue Live Nation Entertainment, the concert giant that owns Ticketmaster, as soon as Thursday, accusing it of illegally maintaining a monopoly in the live entertainment industry, said three people familiar with the matter.

    The government plans to argue in a lawsuit that Live Nation shored up its power through Ticketmaster’s exclusive ticketing contracts with concert venues, as well as the company’s dominance over concert tours and other businesses like venue management, said two of the people, who declined to be named because the lawsuit was still private. That helped the company maintain a monopoly, raising prices and fees for consumers, limiting innovation in the ticket industry and hurting competition, the people said.

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    Raku likes this.
  2. ixigojerrygoixi May 23, 2024
    ixigojerrygoixi

    Newbie

    About time. I took my wife and two daughters to see death cab and the postal service last month for the 20th anniversary tour and had almost 200 hundred dollars in fees for 4 tickets. Beyond ridiculous.
     
    sawhney[rusted]2, maciora and Raku like this.
  3. finnstigator May 23, 2024
    finnstigator

    Newbie

    Ticketmaster does not determine the fees. the venues do. Artists set the face value. Venues set the fees. Ticketmaster adds on like 3% to the transaction.
     
  4. MUZIK4LYF May 23, 2024
    MUZIK4LYF

    Newbie

    Live Nation owns the venues. That's the problem.
     
    sawhney[rusted]2, brothemighty, Dan O'Neill and 12 others like this.
  5. Remove
  6. razorburn May 23, 2024
    razorburn

    Trusted

    Too right.
     
  7. finnstigator May 23, 2024
    finnstigator

    Newbie

    Live Nation owns ~120 venues. Ticketmaster tickets thousands upon thousands of venues.
     
  8. Fucking Dustin May 23, 2024
    Fucking Dustin

    So tell me something awesome Supporter

    [​IMG]
     
    Toner and thechetearly like this.
  9. dubey May 23, 2024
    dubey

    Regular

    That venue number is actually triple and you would be hard pressed to find a large tour that isn't entirely routed through Live Nation venues
     
    Raku and Jason Tate like this.
  10. ixigojerrygoixi May 23, 2024
    ixigojerrygoixi

    Newbie

    exactly, thats what I am talking about. The venue I was at was indeed a live nation venue.
     
    Raku likes this.
  11. slickdtc May 23, 2024
    slickdtc

    Regular Supporter

    BREAK EM UP
     
    thechetearly and Raku like this.
  12. thechetearly May 24, 2024
    thechetearly

    Regular

    I mean...better late than never...?
     
    Raku likes this.
  13. CyberInferno May 24, 2024
    CyberInferno

    Line below my username Supporter

    Relevant John Oliver episode about Ticketmaster/LiveNation from two years ago:
     
    thechetearly likes this.
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  15. brothemighty May 24, 2024
    brothemighty

    Trusted

    Antitrust enforcement in 2024 is wild

    I don't expect the Bell System era to return but just anything is a trickle in the sahara
     
    Raku likes this.
  16. Raku May 24, 2024
    Raku

    Regular

    Call me a cynic (especially with all the mergers allowed to go through (I'm glaring at you Microsoft and Activision Blizzard & King) in recent times), but I doubt anything major will come out of this.

    Would be nice if they did get broken up or were forced to reduce pricing though.
     
    thechetearly likes this.