Justice Department to file antitrust suit against Live Nation

Post by bobthepanda » Tue, Apr 16, 2024, 9:05 PM UTC

calgoo wrote: post #79

voidwtf wrote: post #64

Earlier quoted context omitted.

If I understand correctly Ticketmaster is still the one creating this problem, they demand exclusivity in their contracts which often means the venue has no choice if they want to participate in a large enough market to continue operating. Similarly artists have trouble securing large venues if not participating in their scheme. This is the problem with most 'monopolies', they reach a certain critical mass where they…

Taylor swift is big enough that she could build a venue in each location if she wanted, so that not an issue. If Taylor and a few other large artists gave the middle finger to ticketmaster and basically created their own ticket system, i promise you that they would have enough pull to basically solve this. However, like you said, thats not in their or their labels interest.

Post by BillSaysThis » Tue, Apr 16, 2024, 9:05 PM UTC

calgoo wrote: post #79

voidwtf wrote: post #64

Earlier quoted context omitted.

If I understand correctly Ticketmaster is still the one creating this problem, they demand exclusivity in their contracts which often means the venue has no choice if they want to participate in a large enough market to continue operating. Similarly artists have trouble securing large venues if not participating in their scheme. This is the problem with most 'monopolies', they reach a certain critical mass where they…

Taylor swift is big enough that she could build a venue in each location if she wanted, so that not an issue. If Taylor and a few other large artists gave the middle finger to ticketmaster and basically created their own ticket system, i promise you that they would have enough pull to basically solve this. However, like you said, thats not in their or their labels interest.

Post by xp84 » Tue, Apr 16, 2024, 9:08 PM UTC

paxys wrote: post #77

While I 100% support this action, I feel like people are going to be disappointed to find that if/when the dust settles and Live Nation is reined in (big if), tickets for the Taylor Swift concert or the NBA finals aren't suddenly coming down to $50. With a growing population, people with more disposable income and more interest in such events in general the fundamental economy of live events is very different than wh…

Post by sahila » Tue, Apr 16, 2024, 9:08 PM UTC

calgoo wrote: post #83

viraptor wrote: post #73

Earlier quoted context omitted.

True in theory, but because of exclusivity deals with venues, they can't use "any venue". Basically at the level of Taylor Swift, she would have to create her own arenas for this to work. She could well do it one day though...

She is big enough to build her mega-church like venues, or just rent a mega church. The has way to many of those anyway, so some actual use might come from them. The important thing would be for Taylor and a few others to give the middle finger to live nation / ticketmaster, but like mentioned earlier, its not in her or her labels interest.

Post by lesuorac » Tue, Apr 16, 2024, 9:10 PM UTC

burkaman wrote: post #62

LeafItAlone wrote: post #36

Earlier quoted context omitted.

Why not? Is there a definition of “fee” that dictates this? Presumably the _average_ fee is the cost to provide the service (including the profit they want to make on it). So the more expensive tickets subsidize the cheaper ones.

Actually yes, some dictionaries (like Merriam-Webster) define fee as "a fixed charge"