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05-23-2024, 09:26 AM | ||
Would an idiot do that?
Join Date: Nov 2000
Location: Arizona
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Justice Department sues Ticketmaster and owner Live Nation, alleging illegal monopoly
Thanks, Taylor!
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Posts: 56,585
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05-24-2024, 09:41 AM | #106 |
sorta mod-ish
Join Date: Jan 2004
Location: KC North
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Just how big of a stockholder are you in Live Nation, scho?
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Posts: 103,279
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05-24-2024, 09:49 AM | #107 | |
Would an idiot do that?
Join Date: Nov 2000
Location: Arizona
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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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Posts: 56,585
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05-24-2024, 09:49 AM | #108 |
Politically Incorrect
Join Date: Feb 2009
Location: Scottsdale, AZ
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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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05-24-2024, 09:50 AM | #109 | |
Politically Incorrect
Join Date: Feb 2009
Location: Scottsdale, AZ
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Posts: 52,112
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05-24-2024, 09:53 AM | #110 | |
World's finest morphius
Join Date: Aug 2000
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Posts: 25,997
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05-24-2024, 10:09 AM | #111 |
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Join Date: Nov 2001
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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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05-24-2024, 10:18 AM | #112 |
Politically Incorrect
Join Date: Feb 2009
Location: Scottsdale, AZ
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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. |
Posts: 52,112
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05-24-2024, 10:34 AM | #113 |
MVP
Join Date: Jan 2007
Location: Missouri
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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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05-24-2024, 10:58 AM | #114 |
MER
Join Date: Oct 2003
Location: Colorado
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Artists can not choose another venue without being punished.
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Posts: 23,304
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05-24-2024, 11:18 AM | #115 | |
sorta mod-ish
Join Date: Jan 2004
Location: KC North
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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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Posts: 103,279
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05-24-2024, 11:29 AM | #116 | |
Politically Incorrect
Join Date: Feb 2009
Location: Scottsdale, AZ
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Posts: 52,112
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05-24-2024, 11:33 AM | #117 |
MER
Join Date: Oct 2003
Location: Colorado
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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. |
Posts: 23,304
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05-24-2024, 11:37 AM | #118 |
Politically Incorrect
Join Date: Feb 2009
Location: Scottsdale, AZ
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Posts: 52,112
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05-24-2024, 11:53 AM | #119 |
Constable of Untruths
Join Date: Oct 2010
Location: Wichita
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Posts: 15,240
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05-24-2024, 11:55 AM | #120 |
MVP
Join Date: Aug 2017
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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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