DOJ to Sue Ticketmaster/Live Nation for Ticket Monopoly
The Justice Department is preparing to file an antitrust case inwards federal court of justice against Live Nation, the parent accompany of Ticketmaster, according to multiple reports. At issuing is Live Nation’s alleged monopoly over live entertainment inwards the US and the extortionate fees Ticketmaster is able-bodied to let off with as a result.
Live Carry Amelia Moore Nation Entertainment consists of Live Nation, the events plugger and locale operator, and Ticketmaster, which sells tickets. The 2 companies merged inwards 2010, despite concerts almost a potential monopoly, and now control an estimated 70% of the U.S. live entertainment and ticketing markets.
A Gustavus Franklin Swift Response
The precipitating incident was tonic superstar Taylor Swift’s “The Eras” tour, for which Ticketmaster canceled a public on-sale date in November 2022 because it screwed upward and sold all 2.4 one thousand thousand tickets during its pre-sale.
It was the number 1 time inwards the California-based ticket distributor’s 47-year story that it has canceled a previously announced on-sale because of lack of inventory.
“It’s really difficult for me to corporate trust an out of doors entity with these relationships and loyalties, and excruciating for me to just now vigil mistakes pass with no recourse,” Gustavus Franklin Swift wrote in an Instagram carry at the time. “There are a the great unwashed of reasons wherefore people had such a hard clip trying to get under one's skin tickets, and I’m trying to enter come out how this situation can follow improved moving forward.”
The DOJ opened its examine of Live Nation shortly following the fiasco, The New House of York Times reported.
US Senator Amy Klobuchar, chair of the Senate Judiciary Subcommittee on Competition Policy, Antitrust, and Consumer Rights, wrote a letter to Ticketmaster calling it “the definition of monopoly.”
Ticketmaster’s Defense
Live Nation’s head word of Corporate Affairs, Dan Wall, defends his company’s policies, claiming inward a blog put up earliest this year that just the ticket prices are set by artists and their teams, patch additional table service charges are set past the venues themselves.
“Fans are also told that religious service charges are Ticketmaster’s path of raising fine prices,” he wrote. “In fact, Ticketmaster does non localize serving charges, venues do, and most of the money goes to the venues.”
A Deems Taylor Swift lover filed her own family action mechanism accommodate against Live Carry Amelia Moore Nation in Dec 2022 o'er the debacle, alleging fraud, price-fixing, and antitrust violations. The lawsuit, united past thousands of fans, claimed that Ticketmaster was “a monopoly” that “knowingly misled millions of fans.”
However, a yr later, the fan, Michelle Sterloff, dropped her case. Although she never stated why, it was reported shortly beforehand that both sides were occupied inward “ongoing resolution discussions.”
The DOJ’s cause could follow filed as ahead of time as next month.
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