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Old 05-23-2024, 09:26 AM  
Bearcat Bearcat is offline
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Justice Department sues Ticketmaster and owner Live Nation, alleging illegal monopoly

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“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.”
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Old 05-24-2024, 09:41 AM   #106
Bowser Bowser is offline
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Just how big of a stockholder are you in Live Nation, scho?
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Old 05-24-2024, 09:49 AM   #107
Bearcat Bearcat is offline
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Originally Posted by ChiefsCountry View Post
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.
Based on what I've read, seems like the main thought is they've broken the merger agreement (under "Behavioral Remedies")...
https://www.justice.gov/atr/speech/t...ee-perspective

..seems like they were basically calling out the fact they were playing with fire by allowing the merger in the first place, with some guidelines on how to play nice, and they think it's been ignored.
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Old 05-24-2024, 09:49 AM   #108
scho63 scho63 is online now
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Originally Posted by Bowser View Post
Just how big of a stockholder are you in Live Nation, scho?
Zero shares owned.

Just not a fan of so much over regulation.

The government is like the blob, just keeps expanding, creating cases, hiring more people, keep going after companies.

Not a fan of scumbag companies either that hide safety data, use deadly chemicals or do illegal things and get away with it.

Boeing is an example of a company that I agree the government needs to be tough on and for good reason.
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Old 05-24-2024, 09:50 AM   #109
scho63 scho63 is online now
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Originally Posted by Bearcat View Post
Based on what I've read, seems like the main thought is they've broken the merger agreement (under "Behavioral Remedies")...
https://www.justice.gov/atr/speech/t...ee-perspective

..seems like they were basically calling out the fact they were playing with fire by allowing the merger in the first place, with some guidelines on how to play nice, and they think it's been ignored.
Valid argument.
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Old 05-24-2024, 09:53 AM   #110
morphius morphius is offline
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Originally Posted by ChiefsCountry View Post
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.
About the only hope is getting them for controlling the talent and what venues they can use and how they control what gets back to the talent, especially with their "loans". But it is hard to find companies that haven't earned distaste more than these.
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Old 05-24-2024, 10:09 AM   #111
tk13 tk13 is offline
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One thing that got lost in this is it's not just a federal thing, there are 29 other states that have joined this lawsuit with the DOJ, including states like Texas and Oklahoma. That's over half the state governments in the country. Arizona just passed a "Taylor Swift" law to address some of this stuff. There is a lot to this at a state level, although I know that's a mixed bag too. The Cure tried to limit ticket resellers but had limited success based on various state laws. I know Billie Eilish was trying to sell no-transfer tickets too. But even with that, you play venues even like Kauffman or Sandstone it seems almost everyone there uses Ticketmaster. You can't really escape it.
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Old 05-24-2024, 10:18 AM   #112
scho63 scho63 is online now
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Why is LiveNation/Ticketmaster the bad guy when people pay $500 for a seat that was bought for $100 and the person who originally bought it makes a ton? That's free market.

The entertainment industry should find a way to help resolve this.

It seems that non-transferable tickets could work with todays technology.

I think it is a slippery slope.
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Old 05-24-2024, 10:34 AM   #113
ghak99 ghak99 is offline
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It seems fairly obvious they've done some stuff that shouldn't have been allowed. I'm not convinced they'll receive any more than a slap on the wrist and a "please don't do that" though, which they will promptly find a work around for.

It is interesting watching people get all pissed over ticket prices while continuing to ignore the monopolies within their food supply running wild. Perhaps it's just ignorance, but that doesn't make the entertainment vs food comparison any less comical.
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Old 05-24-2024, 10:58 AM   #114
Katipan Katipan is offline
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Artists can not choose another venue without being punished.
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Old 05-24-2024, 11:18 AM   #115
Bowser Bowser is offline
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Quote:
Originally Posted by scho63 View Post
Why is LiveNation/Ticketmaster the bad guy when people pay $500 for a seat that was bought for $100 and the person who originally bought it makes a ton? That's free market.

The entertainment industry should find a way to help resolve this.

It seems that non-transferable tickets could work with todays technology.

I think it is a slippery slope.
Show me another outlet outside of Live Nation that provides people with the same choice of seats they do. Even going to the venue directly as tickets go on sale won't get you the choice of seat you can get through Ticketmaster these days.

You could have a point if there were another cometitor on Live Nation's level giving a choice of who you spend your money with, and therefore bringing down prices, but there isn't one.
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Old 05-24-2024, 11:29 AM   #116
scho63 scho63 is online now
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Show me another outlet outside of Live Nation that provides people with the same choice of seats they do. Even going to the venue directly as tickets go on sale won't get you the choice of seat you can get through Ticketmaster these days.

You could have a point if there were another cometitor on Live Nation's level giving a choice of who you spend your money with, and therefore bringing down prices, but there isn't one.
How much blame do the artists and their management deserve for this?
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Old 05-24-2024, 11:33 AM   #117
Katipan Katipan is offline
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Denver has a few venues that can fit 20,000. 2 that can fit 80,000.

The 2 that can fit 80,000 are run by Ticketmaster.

It's offering anal with no lube.
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Old 05-24-2024, 11:37 AM   #118
scho63 scho63 is online now
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Denver has a few venues that can fit 20,000. 2 that can fit 80,000.

The 2 that can fit 80,000 are run by Ticketmaster.

It's offering anal with no lube.
Some people enjoy that ....
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Old 05-24-2024, 11:53 AM   #119
LoneWolf LoneWolf is offline
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Some people enjoy that ....
Let's leave your mother out of this conversation.
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Old 05-24-2024, 11:55 AM   #120
MarkDavis'Haircut MarkDavis'Haircut is online now
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Interesting reads on how the government misfired about a "monopoly."

https://mises.org/mises-daily/100-ye...t-standard-oil

https://fee.org/articles/the-myth-th...tory-monopoly/
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