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Started By
Message
re: DOJ Sues Ticketmaster/LiveNation Over Monopoly
Posted on 5/23/24 at 7:30 pm to Mantard
Posted on 5/23/24 at 7:30 pm to Mantard
From the link in the OP, DoJ allegations are:
So, in short, they use their control of artists to strong arm venues into using Ticketmaster and they use their control of venues to sign artists.
You don’t have to have 100% control over the market to have antitrust violations.
quote:
Live Nation-Ticketmaster allegedly “captures fees and revenue from concert fans and sponsorship, uses that revenue to lock up artists to exclusive promotion deals, and then uses its powerful cache of live content to sign venues into long term exclusive ticketing deals,
So, in short, they use their control of artists to strong arm venues into using Ticketmaster and they use their control of venues to sign artists.
You don’t have to have 100% control over the market to have antitrust violations.
This post was edited on 5/23/24 at 7:33 pm
1
Posted on 5/23/24 at 7:41 pm to Wayne Campbell
quote:
You don’t have to have 100% control over the market to have antitrust violations.
Agreed, I have never seen or heard much info about exactly what tactics were used to get to this point. I did some Googling and certainly had no idea Live Nation owns about 70% of the top venues and were somehow allowed to merge with Ticketmaster who probably controlled even more of their market.
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