121–130 of 169 posts
Ticketmaster seems to just still have a hold on the AAA shows (which I never visit) but they seem to have lost everything else.
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So where’s Lina Kahn pressuring to break up these exclusive agreements? She made hay talking about them in 2022 but what has been done recently? https://www.reuters.com/business/media-telecom/big-firms-lik...
Bigger fish to fry Ticketmaster is big but it’s not Amazon or banking.
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^ This. ~15 years ago, I was working with venues to see how we could handle ticketing, etc. They ALL had exclusive deals where the venue could ONLY sell online through TicketMaster and then TM would handle ~100% of the back office reporting, tracking, etc and even the onsite credit card processing for walk up sales. It was one end to end system/suite and to replace any of it, you had to replace ALL of it once the con…
If this were the 1920s, antitrust enforcement would come down with an iron fist. The consolidation and control of the market is insane. I hope we can see some government movement about this at some point..
Ticketmaster has exclusive deals with artists and venues. Artists not signing deals with Ticketmaster lose access to venues, and venues not signing exclusivity deals with Ticketmaster lose access to artists. There are enough of these on both sides that neither wants to lose the other so they sign. Side note: I worked at a small ticketing software shop circa the Ticketmaster/LiveNation merger. The CEO got a call from…
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^ This. ~15 years ago, I was working with venues to see how we could handle ticketing, etc. They ALL had exclusive deals where the venue could ONLY sell online through TicketMaster and then TM would handle ~100% of the back office reporting, tracking, etc and even the onsite credit card processing for walk up sales. It was one end to end system/suite and to replace any of it, you had to replace ALL of it once the con…
If this were the 1920s, antitrust enforcement would come down with an iron fist. The consolidation and control of the market is insane. I hope we can see some government movement about this at some point..
[0] https://congressionaldish.com/cd267-the-monopoly-powers-of-l...
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I posit a 3rd option: antitrust enforcers starting with Lina K are so incompetent that they cant win open and shut cases Exhibit A: action against a merger between Amazon and a robo-vaccum company, iRobot. Let that sink for a minute.
I tried to let this sink a bit but I have no idea what you mean with your example. Was the Amazon-iRobot merger somehow a clear case that should and could have been forbidden? I don't know anything about that merger but to me it sounds like they are mainly in completely different fields so I don't get how it applies here.
Lots of great answers here, the other thing I'd say is consumers are not Ticketmaster's customer the promoters are. 75% of the time that prompter is livenation which is now merged with them, who they themselves went on a promoter acquisition spree. The rest of the time people pay Ticketmaster to be the bad guy.
Earlier quoted context omitted.
If this were the 1920s, antitrust enforcement would come down with an iron fist. The consolidation and control of the market is insane. I hope we can see some government movement about this at some point..
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