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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

Thanks, Taylor!



Quote:
“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, 06:59 AM   #91
scho63 scho63 is online now
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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.
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Old 05-24-2024, 08:34 AM   #92
RealSNR RealSNR is offline
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Just spent $100 in ticket fees for myself
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Old 05-24-2024, 08:52 AM   #93
Katipan Katipan is offline
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Quote:
Originally Posted by scho63 View Post
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.
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Old 05-24-2024, 08:52 AM   #94
scho63 scho63 is online now
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Quote:
Originally Posted by RealSNR View Post
Just spent $100 in ticket fees for myself
How many tickets and what was the base price of the tickets?
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Old 05-24-2024, 08:53 AM   #95
scho63 scho63 is online now
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Originally Posted by Katipan View Post
There are many competitors for both.
Door dash has 66% of the market and Ticketmaster 70%.

You want to update your statement?
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Old 05-24-2024, 08:54 AM   #96
scho63 scho63 is online now
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Door Dash and Uber fees as a percentage are much higher.
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Old 05-24-2024, 08:54 AM   #97
Katipan Katipan is offline
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Quote:
Originally Posted by scho63 View Post
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.
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Old 05-24-2024, 09:02 AM   #98
Bearcat Bearcat is offline
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Quote:
Originally Posted by RealSNR View Post
Just spent $100 in ticket fees for myself
Enjoy your complementary box of Barefoot Moscato!
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Old 05-24-2024, 09:06 AM   #99
Delano Delano is offline
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Originally Posted by Katipan View Post
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.
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Old 05-24-2024, 09:13 AM   #100
scho63 scho63 is online now
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Quote:
Originally Posted by Delano View Post
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.
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Old 05-24-2024, 09:15 AM   #101
Bearcat Bearcat is offline
Would an idiot do that?
 
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Quote:
Originally Posted by Delano View Post
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.
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Old 05-24-2024, 09:17 AM   #102
scho63 scho63 is online now
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Wow look at me, I can meme.
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Old 05-24-2024, 09:25 AM   #103
ChiefsCountry ChiefsCountry is offline
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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.
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Old 05-24-2024, 09:26 AM   #104
The Franchise The Franchise is offline
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Quote:
Originally Posted by scho63 View Post
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.
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Old 05-24-2024, 09:39 AM   #105
scho63 scho63 is online now
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How about Liberal?
Anti-business?
Woke?
Young female like Lina Khan over at the FTc who hates Amazon?
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