Its interesting that the title has to specify that they 'illegally monopolized' rather than just saying they 'monopolized'. The implication being that there are legal ways to monopolize things. Which there shouldn't be. This is a major problem in our society/economy.
Live Nation illegally monopolized ticketing market, jury finds
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Re: Live Nation illegally monopolized ticketing market, jury finds
#192Michael and especially Jim are good dudes, who still like guitars in a time they often gather dust. From my opinion as a former working musician who never bought a live nation ticket and knew them way before they hit big time, this was not at all their main objective. They just wanted to put on great shows. Ticketmaster was playing the drums and that was a band worth joining. It will be nice to see Live Nation evolve. I have faith in them and monopolies should be broken.
Re: Live Nation illegally monopolized ticketing market, jury finds
#193The horizontal control of venues is only one issue. A perhaps bigger issue is the vertical integration (if that's the right term) of first-party ticket sales and resale in one company. Ticketmaster has no real incentive to try to prevent resellers from buying up all the tickets on first sale, because it gets to charge fees on all the resales through its platform. The more times a ticket is resold, the better. I don't…
Here in Western Australia, resale prices are capped at face-value plus 10%. IIRC the reseller platforms can still charge a fee on top, but IMHO it seems to have had the desired effect on ticket sales. Unless it's something really, really popular, you don't have to be waiting the morning they go on sale. In fact you can usually pick up tickets for events a few weeks after they go on sale, or even longer. If they run o…
Most Australian states have anti-scalping laws, but more importantly the main third party reseller site (Tixel) is cheap, safe, reliable and easy to use.
Ticketmaster AU have their own reselling marketplace, but it's also capped at 10%.
Scalping is a solved problem, if states want it to be