51–60 of 397 posts
Without the Live Nation monopoly, tickets prices should stay the same, but the split between venue, artist, and ticket service should change, right?
What would be nice would be having independent venues that aren't all selling the same canned water and ticket prices showing the fees.
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.
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.
Earlier quoted context omitted.
I believe it was the breakup of AT&T on Jan 1, 1982 (the result of a suit started in 1974). https://en.wikipedia.org/wiki/Breakup_of_the_Bell_System
Which is nuts. The DoJ needs to take a battle ax to Ticketmaster to set an example. They need to prove that they are still willing and able to throw down if necessary. TM is a disposable target, they don't build anything critical to the economy or national security. They could be deleted from the earth and dozens of replacements would spring up in a week. TM is so hated that, if the DoJ goes for the jugular and misse…
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.
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.
This is actually equally as cancerous - there is a reason realtors have one of the biggest lobbying groups in America.
Earlier quoted context omitted.
Yes this is basically correct. The lawsuits can also drag out for years. They can be avoided by late changes - for example Microsoft just removed Teams from Office bundles, and will get away with having caused damage to users and competitors for years. Congress has avoided the responsibility of passing new harsher antitrust legislation that simply skips the lawsuits and goes straight to fines.
> Congress has avoided the responsibility of passing new harsher antitrust legislation that simply skips the lawsuits and goes straight to fines. How would that work? Do you have some example of proposed legislation around this?
https://en.wikipedia.org/wiki/AMERICA_Act
https://en.wikipedia.org/wiki/American_Innovation_and_Choice...
This 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!
This is already a solved problem- look at how airline seats are handled.
Can you expand on this? It seems to me that a major difference between flight tickets and concert tickets is that when an airline overbooks they can switch you to a later flight. However, most concerts only perform once in a given city.
Hotels operate in a similar fashion as well.
This is already a solved problem- look at how airline seats are handled.
Can you expand on this? It seems to me that a major difference between flight tickets and concert tickets is that when an airline overbooks they can switch you to a later flight. However, most concerts only perform once in a given city.
One 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…
That LiveNation has created a de facto system where they cannot opt out of their price setting is at the heart of the entire matter.