#ticketmaster-monopoly

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#live-nation-entertainment #antitrust-litigation #live-nation-antitrust-settlement
#live-nation-antitrust-settlement
NYC music
fromwww.theguardian.com
4 days ago

Kid Rock decries settlement reached between Live Nation and Trump's justice department

The US Department of Justice settled its antitrust lawsuit against Live Nation one week into trial, requiring the company to pay $280 million, open ticketing platform access, cap service fees at 15%, and end exclusive venue booking deals.
NYC music
fromwww.theguardian.com
4 days ago

Kid Rock decries settlement reached between Live Nation and Trump's justice department

The US Department of Justice settled its antitrust lawsuit against Live Nation one week into trial, requiring the company to pay $280 million, open ticketing platform access, cap service fees at 15%, and end exclusive venue booking deals.
more#live-nation-antitrust-settlement
US news
fromFast Company
1 week ago

'Robbing them blind,' '$50 to park in grass': Live Nation trial reveals internal messages mocking ticket buyers. Read them here

Live Nation employees admitted in internal messages to deliberately overcharging customers for ancillary fees like parking and VIP access, describing customers as 'stupid' while bragging about 'gouging' and 'robbing them blind.'
Business intelligence
fromThe Verge
1 week ago

Listen to the Live Nation CEO's alleged threats to a concert venue

A 2021 call between Live Nation and Barclays Center executives reveals disputed interpretation of whether CEO Michael Rapino's comments about a new competitor constituted a threat or legitimate business concern regarding ticketing arrangements.
#antitrust-litigation
fromArs Technica
1 week ago
US news

US blindsides states with surprise settlement in Live Nation/Ticketmaster trial

State attorneys general seek mistrial after Trump administration unexpectedly settled antitrust case against Live Nation and Ticketmaster, citing prejudicial impact on jury.
fromFortune
2 weeks ago
Intellectual property law

DOJ rips into Ticketmaster monopoly in court: 'today, the concert ticket industry is broken' | Fortune

The U.S. Justice Department alleges Ticketmaster and Live Nation Entertainment have monopolized the concert industry, driving up prices and harming consumers and artists through anti-competitive practices.
US news
fromArs Technica
1 week ago

US blindsides states with surprise settlement in Live Nation/Ticketmaster trial

State attorneys general seek mistrial after Trump administration unexpectedly settled antitrust case against Live Nation and Ticketmaster, citing prejudicial impact on jury.
Intellectual property law
fromFortune
2 weeks ago

DOJ rips into Ticketmaster monopoly in court: 'today, the concert ticket industry is broken' | Fortune

The U.S. Justice Department alleges Ticketmaster and Live Nation Entertainment have monopolized the concert industry, driving up prices and harming consumers and artists through anti-competitive practices.
more#antitrust-litigation
#antitrust-settlement
Law
fromFortune
1 week ago

DOJ strikes tentative Ticketmaster settlement as states break away to keep fighting Live Nation | Fortune

The Justice Department tentatively settled its antitrust lawsuit against Ticketmaster and Live Nation Entertainment, requiring a $280 million fine and divestment of 13 amphitheaters to reduce ticket prices and end monopoly control over live events.
Law
fromFortune
1 week ago

DOJ strikes tentative Ticketmaster settlement as states break away to keep fighting Live Nation | Fortune

The Justice Department tentatively settled its antitrust lawsuit against Ticketmaster and Live Nation Entertainment, requiring a $280 million fine and divestment of 13 amphitheaters to reduce ticket prices and end monopoly control over live events.
more#antitrust-settlement
US news
fromBoston.com
1 week ago

Justice Department and Live Nation reach settlement over illegal monopoly case

The Justice Department reached a settlement in its antitrust lawsuit against Ticketmaster and Live Nation Entertainment over alleged monopoly control of live events, though some states may continue litigation independently.
fromFortune
1 week ago

Bidding for a Taylor Swift ticket or to cut the line at DisneyWorld? Maybe you're in a 'hidden market' | Fortune

The reason it's a hidden market is because there is excess demand given the price that is being charged. When the price of something scarce—concert tickets, Saturday night tables, theme park rides—is set far below what the market would naturally bear, the scarcity doesn't disappear. It just moves sideways, into queues, lotteries, intermediaries, and perks—into hiding, in other words.
Business intelligence
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