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.”
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. [Reply]
Originally Posted by Delano:
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 fuck on the board. [Reply]
Originally Posted by Delano:
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.
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. [Reply]
Originally Posted by scho63:
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."
