Justice Department sues Ticketmaster and owner Live Nation, alleging illegal monopoly

[Bearcat]

Thanks, Taylor!

BREAKING: Justice Department sues Ticketmaster and owner Live Nation, alleging an illegal monopoly over live events in the U.S. https://t.co/yMlRYo0WqR

— The Associated Press (@AP) May 23, 2024

“We allege that Live Nation relies on unlawful, anticompetitive conduct to exercise its monopolistic control over the live events industry in the United States at the cost of fans, artists, smaller promoters, and venue operators,” Attorney General Merrick Garland said in a statement. “The result is that fans pay more in fees, artists have fewer opportunities to play concerts, smaller promoters get squeezed out, and venues have fewer real choices for ticketing services. It is time to break up Live Nation-Ticketmaster.”

[scho63]

I'll also make a prediction:

IF they succeed in breaking up Live Nation and TicketMaster, within 5-10 years the combined market share and control of the market from the two entities will be much greater than today.

[RealSNR]

Just spent $100 in ticket fees for myself

[Katipan]

Originally Posted by scho63

I would love to know how many of supporters of the Justice Department going after Ticketmaster use Uber Eats or DoorDash.

There are many competitors for both.

[scho63]

Originally Posted by RealSNR

Just spent $100 in ticket fees for myself

How many tickets and what was the base price of the tickets?

[scho63]

Originally Posted by Katipan

There are many competitors for both.

Door dash has 66% of the market and Ticketmaster 70%.

You want to update your statement?

[scho63]

Door Dash and Uber fees as a percentage are much higher.

[Katipan]

Originally Posted by scho63

Door dash has 66% of the market and Ticketmaster 70%.

You want to update your statement?

That has nothing to do with the presence of competitors, so, no.

[Bearcat]

Originally Posted by RealSNR

Just spent $100 in ticket fees for myself

Enjoy your complementary box of Barefoot Moscato!

[Delano]

Originally Posted by Katipan

That has nothing to do with the presence of competitors, so, no.

Or hop in your car and drive to the restaurant. It’s not like food delivery services are mandating businesses only work through them.

Yet another example of schmo doubling down on his awful take. It’s the boomer way.

[scho63]

Originally Posted by Delano

Or hop in your car and drive to the restaurant. It’s not like food delivery services are mandating businesses only work through them.

Yet another example of schmo doubling down on his awful take. It’s the boomer way.

You're becoming the dumbest **** on the board.

[Bearcat]

Originally Posted by Delano

Or hop in your car and drive to the restaurant. It’s not like food delivery services are mandating businesses only work through them.

Yet another example of schmo doubling down on his awful take. It’s the boomer way.

[scho63]

Wow look at me, I can meme.

[ChiefsCountry]

It's not a monopoly in legal terms. It's like people arguing that Walmart is a monopoly. You have other choices in the marketplace. Artists have other venues they can choose in a market. You don't have to play Sprint Center - you can play Arrowhead, Kauffman, Sandstone, or even Joe's neighborhood bar. The fees are bullshit and almost racketeering but legally it's okay. I just don't see much of a case legally. Shitty business practices but not much from a legal standpoint.

[The Franchise]

Originally Posted by scho63

CNBC just had a young idiot DEI hire on to talk about the lawsuit and she couldn't answer any questions about quantifying the damage.

All she did was say "This is the beginning, not the end. There will be discovery."

So once again, a charge seeking a crime.

You want to say black. Just say black.

[scho63]

How about Liberal?
Anti-business?
Woke?
Young female like Lina Khan over at the FTc who hates Amazon?