BREAKING: Justice Department sues Ticketmaster and owner Live Nation, alleging an illegal monopoly over live events in the U.S. https://t.co/yMlRYo0WqR
Originally Posted by :
“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.”
Originally Posted by LoneWolf:
In a lot of cases they are the only option, you fat dumbass. Companies like Stubhub and Seatgeek are secondary sales so you have the additional markup after they have purchased tickets from Ticketmaster.
And Stubhub used to be amazing until they went the same route of 20-25% fees several years ago, probably colluding with TM's reselling of tickets. [Reply]
Originally Posted by scho63:
So some of you now want our government to start regulating fees on tickets to sporting and music events?
Good lord that is insane.
I don't want government to regulate concert ticket prices, I want government to bust up monopolies like they should be busted up. There's a HUGE difference, there. [Reply]
Originally Posted by scho63:
In a capitalist society, two things happen:
1. Many competitors should get in the market with better pricing/lower fees.
2. People finally have enough and stop going.
I love it that people will spend $500 a night for a hotel to just sleep while on vacation with stupid resort fees or $75,000 for a new car with dealer fees now over $1,000 in some cases or pay a realtor in the past $50,000 ****ing dollars to sell a house.
These are all choices.......
Different for a single utility company that has an absolute monopoly.
Who knew we had Milton Friedman in our midst? Please continue to educate us good sir! [Reply]
Can we also crack down on bots that purchase tickets during the first 10 minutes of the sale and then sell them afterwards at jacked up prices? [Reply]
Originally Posted by The Franchise:
Can we also crack down on bots that purchase tickets during the first 10 minutes of the sale and then sell them afterwards at jacked up prices?
Originally Posted by Bowser:
I don't want government to regulate concert ticket prices, I want government to bust up monopolies like they should be busted up. There's a HUGE difference, there.
What about Facebook?
What about Google Search?
What about Kellogg and Proctor & Gamble?
What about InBev and Diageo? [Reply]
The ability of some of you to actually engage in an intelligent conversation and not resort to the same ol stupid shit comment with insults thinking you are always the smartest person in the room is hilarious. [Reply]
Originally Posted by LoneWolf:
In a lot of cases they are the only option, you fat dumbass. Companies like Stubhub and Seatgeek are secondary sales so you have the additional markup after they have purchased tickets from Ticketmaster.
Yes, this is no different than a network buying exclusive rights to entertainment and then charging for you to watch it on Peacock, Prime or Netflix.
They will just do away with the fees and charge more for tix. [Reply]
