Live data from Hacker News

US Justice Department to seek breakup of Live Nation-Ticketmaster

bloomberg.com

41–50 of 319 posts

Re: US Justice Department to seek breakup of Live Nation-Ticketmaster

#41

If Live Nation-Ticketmaster is not a monopoly then there is no such thing as a monopoly.

But monopolies are not illegal.

Violating antitrust law is illegal.

---

You don't violate federal law just by being the only company to sell canine banana hammocks.

Re: US Justice Department to seek breakup of Live Nation-Ticketmaster

#42
post #25

I would like to fund the justice department’s GoFundMe

Here is their site - treasurydirect.gov

Treasury Direct is for stuff like savings bonds. If you want to donate, it's https://www.fiscal.treasury.gov/public/gifts-to-government.h..., but they're not directed donations.

Re: US Justice Department to seek breakup of Live Nation-Ticketmaster

#44
post #28
post #11

Earlier quoted context omitted.

I'm theory, prosecutions are a civil service function, not a political function. Changes in administration might change the leadership and what areas are prioritized, but once you have a case, it really shouldn't matter who is in office. In theory.

What theory is this from, some sort of administrative state theory? This has never been the case in any executive branch that I'm aware of.

The vast majority of cases aren’t dropped when you move from one administration to another. However, there’s a great deal of correlation between cases people care about and politics so you’re more likely to hear about the kinds of cases that get dropped.

Re: US Justice Department to seek breakup of Live Nation-Ticketmaster

#46

Jeez, How did Govt take this long to break up Live Nation. How?

The Administration is bound by the Due Care clause, but that's a huge window, so you can just intentionally create a dysfunctional and incompetent group of people and give them the responsibility for enforcing this nations laws. This Administration, although it would hate to actually admit it out loud, actually put someone competent in charge of the agency with this enforcement responsibility and then.. to everyone's…

It’s been noted by a few folks that anything the administration says out loud immediately becomes gristle for the Fox News-o-verse and therefore something for Congress to yell loudly at and try to block. The Biden administration has consequently become very good at being very quiet about the things it’s doing well, with the distinct drawback in an election year that everyone seems to be quite surprised when they discover the administration has been rather good, actually.

Re: US Justice Department to seek breakup of Live Nation-Ticketmaster

#47
post #17
post #5

I am so hopeful that this happens. I was comparing the fees to see a band in the US or EU recently based on their tour dates and it was insane what US ticket prices came out to be. It was ~$54 for a ticket in the US because of all the junk fees and just 8 euros for other places in the EU.

Recently, I bought tickets through their web page, and the seat hold timed out prematurely, making me reselect seats. The tickets had been on sale for weeks, but in that 60 second window, scalpers just happened to buy the exact block I wanted out of 100’s of available seats. Of course, ticket master owns some of the scalper companies. Despite the blatant false advertising / auction fixing, I have no way to prove the…

I can't speak to your particular case, but my ticketmaster transactions often fail to complete for various reasons. After one falls through, if I wish to purchase the same seats again, they're often unavailable. This isn't because some scalper swooped in and bought them, the person who has dibs on them is me, in my previous defunct transaction. I usually find that if I wait ~ 15 minutes the hold will be released, and the tickets will be available for me to try again.

Re: US Justice Department to seek breakup of Live Nation-Ticketmaster

#48

Earlier quoted context omitted.

> Because we all but entirely stopped enforcing anti-trust in the 80s My kids have never known a time without the DoJ rubber-stamping every monopoly-building merger it could.

Would the Adobe + Figma merge failure count?

> Sources familiar with the matter said that while the two companies had been in constant touch with antitrust agencies in the UK, EU, and United States to work out a path to close the deal, the UK regulators have in recent weeks indicated that it would require remedies for Adobe to divest Figma design, a core asset of the acquisition.

https://www.reuters.com/technology/adobe-figma-terminate-20-...

> On December 18, 2023, Figma and Adobe both announced they were mutually agreeing to abandon their merger,[17][18] with Adobe citing that there was "no clear path to receive necessary regulatory approvals from the European Commission and the UK Competition and Markets Authority."

https://en.wikipedia.org/wiki/Figma#Attempted_acquisition_by...

Only if you count UK/EU regulators.

Re: US Justice Department to seek breakup of Live Nation-Ticketmaster

#49

Earlier quoted context omitted.

Here is their site - treasurydirect.gov

Treasury Direct is for stuff like savings bonds. If you want to donate , it's https://www.fiscal.treasury.gov/public/gifts-to-government.h... , but they're not directed donations.

It would be pretty interesting if certain departments in the government could get direct payments. For example if the last $100 on your taxes you could choose any department to allocate to.

Re: US Justice Department to seek breakup of Live Nation-Ticketmaster

#50

If Live Nation-Ticketmaster is not a monopoly then there is no such thing as a monopoly.

But monopolies are not illegal. Violating antitrust law is illegal. --- You don't violate federal law just by being the only company to sell canine banana hammocks.

I agree that is what is the law is and even that that is what the law should be. It is also important to note however that the actual title of the Sherman Antitrust Act is "An Act to protect trade and commerce against unlawful restraints and monopolies." So it isn't fair to say that anti-competitive practices and monopolies are completely orthogonal (although strictly speaking they are) because monopolies are a perfect tool with which to engage in anti-competitive practices. In my opinion I don't think protecting entertainment from anti-competitive practices even matters that much anyway though. Your ability to watch your favorite singer live is really not the same as something like oil or trains which are actually important to the economy.
Post reply on HN