Justice Department to file antitrust suit against Live Nation

#1

Post by winstonprivacy » Tue, Apr 16, 2024, 12:19 AM UTC

Justice Department to file antitrust suit against Live Nation
wsj.com

Re: Justice Department to file antitrust suit against Live Nation

#2

Post by dmitrygr » Tue, Apr 16, 2024, 1:44 PM UTC

Good. Finally something being done about this venue/ticket cartel

Re: Justice Department to file antitrust suit against Live Nation

#3

Post by mtillman » Tue, Apr 16, 2024, 1:50 PM UTC

dmitrygr wrote: post #2

Good. Finally something being done about this venue/ticket cartel

I paid $300 in fees on Sunday for two $365 tickets. Excited to see how this goes.

Re: Justice Department to file antitrust suit against Live Nation

#4

Post by trellos » Tue, Apr 16, 2024, 1:59 PM UTC

My only complaint is why this took so long.

Re: Justice Department to file antitrust suit against Live Nation

#5

Post by seatac76 » Tue, Apr 16, 2024, 1:59 PM UTC

Finally. Between the market dominance via Live Nation and Ticketmaster merge. The venue exclusivity contracts they insist upon. They are a grotesque monopoly.

Re: Justice Department to file antitrust suit against Live Nation

#6

Post by xnx » Tue, Apr 16, 2024, 2:02 PM UTC

Without the Live Nation monopoly, tickets prices should stay the same, but the split between venue, artist, and ticket service should change, right?

Re: Justice Department to file antitrust suit against Live Nation

#7

Post by teeray » Tue, Apr 16, 2024, 2:03 PM UTC

The fees alone are one thing. But the fees that are a percentage of the purchase price are quite another. That transforms them from fees into a tax.

Re: Justice Department to file antitrust suit against Live Nation

#8

Post by eadler » Tue, Apr 16, 2024, 2:04 PM UTC

https://archive.is/VRODM

Re: Justice Department to file antitrust suit against Live Nation

#9

Post by pianoben » Tue, Apr 16, 2024, 2:06 PM UTC

Better (30 years too) late than never!

Re: Justice Department to file antitrust suit against Live Nation

#10

Post by waveBidder » Tue, Apr 16, 2024, 2:08 PM UTC

xnx wrote: post #6

Without the Live Nation monopoly, tickets prices should stay the same, but the split between venue, artist, and ticket service should change, right?

Concivably the number of shows/tickets might increase and the price decrease, since setting the price above the market rate is one of the inefficiencies that monopolies introduce.

For artists who are maxing out their # of shows and selling out you're right though.