The US Justice Department and a group of states will sue Live Nation Entertainment Inc. for antitrust violations related to Ticketmaster’s unrivaled control of concert ticket sales, according to people familiar with the case.
One of my hobbies is hosting raves and I’ve heard a lot of stories from venue owners about live nation/ticket master. They work a lot like the mafia where if you don’t accept their terms they will do everything in their power to shut you down. They will do stuff like scheduling large names shows to conflict with your key events while also ‘influencing’ the local officials to pull your liquid license. I 100% agree that they should be broken up but I would go a step further and also split off their promoter sector that way ticketing, venues, and events are all separate entities that cannot completely control the market.
One of my hobbies is hosting raves and I’ve heard a lot of stories from venue owners about live nation/ticket master. They work a lot like the mafia where if you don’t accept their terms they will do everything in their power to shut you down. They will do stuff like scheduling large names shows to conflict with your key events while also ‘influencing’ the local officials to pull your liquid license. I 100% agree that they should be broken up but I would go a step further and also split off their promoter sector that way ticketing, venues, and events are all separate entities that cannot completely control the market.