Breaking the concert tickets monopoly

31 May, 2024
breaking the monopoly
On 23 May 2024, the U.S. Department of Justice, 29 states, and the District of Columbia sued Live Nation Entertainment and Ticketmaster for unfair practices and monopoly in the concert industry. The lawsuit accuses these companies of controlling the majority of concert ticket sales and promotions in the country, leading to high prices and fewer opportunities for independent artists and promoters.

Live Nation-Ticketmaster uses exclusive contracts and local purchases to maintain its control, imposing high fees on fans and pressuring artists to use its promotional services. These actions result in more expensive tickets and less innovation compared to other countries.

The lawsuit aims to break up the Live Nation-Ticketmaster monopoly to bring competition and innovation back to the entertainment industry, benefiting consumers, artists, and independent promoters.

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