This is already a solved problem- look at how airline seats are handled.
I want to make a Jefferson Airplane joke here but I don't know how.
Justice Department to file antitrust suit against Live Nation
31–40 of 397 posts
Re: Justice Department to file antitrust suit against Live Nation
#32The 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.
That's an interesting distinction. You shouldn't be able to call it a "fee" if the cost that it purports to cover does not increase with the cost of a ticket.
Re: Justice Department to file antitrust suit against Live Nation
#33The 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.
I don't think it's good to be calling non-government charges a tax.
Fee or Commission works fine here. The line item for sellers/buyers agent isn't "tax" when you buy/sell a house despite it being a percentage.
Re: Justice Department to file antitrust suit against Live Nation
#34This is already a solved problem- look at how airline seats are handled.
Yeah, let's just put TSA checkpoints at the entrance of every concert venue. Problem solved!
Honestly, I'd rather have TSA than the normal security. At least then you can bring bags in.
There's like 50+ lines at an event, if TSA had 50+ lines then the airport would be so much faster.
Re: Justice Department to file antitrust suit against Live Nation
#35Earlier quoted context omitted.
Your first sentence here is correct. The second sentence is ridiculous. The Obama administration was pro-monopolist basically across the board for eight straight years. The record is pretty easy to understand.
Yup. We are in our current predicament because the previous 4 or 5 administrations, whether D or R, have let corporations run amok with M&A and general anticompetitive behavior, offering only token resistance. Biden has finally signaled a shift in the last year or two, but it remains to be seen how far these actions will go (and how much Congress and the courts will allow).
This is because corporations are permitted to influence politics with money. This is an absurd predicament.
The more money you allow into politics, the more politics becomes about money.
Re: Justice Department to file antitrust suit against Live Nation
#36The 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.
That's an interesting distinction. You shouldn't be able to call it a "fee" if the cost that it purports to cover does not increase with the cost of a ticket.
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.
Re: Justice Department to file antitrust suit against Live Nation
#37Finally. Between the market dominance via Live Nation and Ticketmaster merge. The venue exclusivity contracts they insist upon. They are a grotesque monopoly.
Couldn't agree more - all they did was aggregate market power then extract grotesque rents. Truly a terrible company.
Re: Justice Department to file antitrust suit against Live Nation
#38One important thing to know is that the venues/artists often get a kickback of part of the Ticketmaster fees. In other words, the artists, venues, producers, and Ticketmaster are in cahoots to fleece fans for as much money as possible, and Ticketmaster is willing to play the 'bad guy' and take the blame for high prices, and they get to keep a bigger slice of the overall pie than they would in a highly competitive mar…
No way - get rid of them and there will be more competition in the market better pricing and maybe a less homogenous (and terrible) experience.
Re: Justice Department to file antitrust suit against Live Nation
#39Earlier quoted context omitted.
Your first sentence here is correct. The second sentence is ridiculous. The Obama administration was pro-monopolist basically across the board for eight straight years. The record is pretty easy to understand.
Yup. We are in our current predicament because the previous 4 or 5 administrations, whether D or R, have let corporations run amok with M&A and general anticompetitive behavior, offering only token resistance. Biden has finally signaled a shift in the last year or two, but it remains to be seen how far these actions will go (and how much Congress and the courts will allow).
To be fair, TicketMaster has been pioneering anti-competitive practices for as long as it has existed, long before the merger with LiveNation.
Re: Justice Department to file antitrust suit against Live Nation
#40Went to buy tickets for a show on ticketweb and saw it’s now owned by Ticketmaster. This has been a long time coming at this point.