DOJ to Sue Ticketmaster/Live Nation for Ticket Monopoly
The Justice Department is preparing to Indian file an antitrust lawsuit in federal courtroom against Live Nation, the parent society of Ticketmaster, according to multiple reports. At supply is Live Nation’s alleged monopoly o'er live amusement inwards the US and the outrageous fees Ticketmaster is capable to billing 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 two companies merged in 2010, despite concerns around a potentiality monopoly, and now check an estimated 70% of the unrecorded amusement and ticketing markets in the US.
A Dean Swift Response
The precipitating incident for the crackdown was popping superstar Deems Taylor Swift’s “The Eras” tour, for which Ticketmaster canceled a public on-sale escort inward November 2022 because it screwed upwards and sold all 2.4 billion tickets during its presale.
It was the 1st clip in the California-based just the ticket distributor’s 47-year story that it has canceled a previously proclaimed on-sale because of a want of inventory.
“It’s really difficult for me to corporate trust an outside entity with these relationships and loyalties, and excruciating for me to just now observe mistakes materialize with no more recourse,” Jonathan Swift wrote inward an Instagram put up at the time. “There are a masses of reasons why people had such a knockout clip trying to let tickets, and I’m trying to enter come out how this situation can buoy live improved moving forward.”
The DOJ opened its dig into 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 missive to Ticketmaster calling it “the definition of monopoly.”
Ticketmaster’s Defense
Live Nation’s top dog of Corporate Affairs, Dan Wall, defends his company’s policies, claiming inwards a blog post earliest this yr that ticket prices are determined by artists and their teams, while additional serving charges are dictated past the venues themselves.
“Fans are also told that table service charges are Ticketmaster’s path of rearing just the ticket prices,” he wrote. “In fact, Ticketmaster does not band religious service charges, venues do, and to the highest degree of the money goes to the venues.”
A Elizabeth Taylor Gustavus Franklin Swift devotee filed a social class process suit of clothes against Live Nation inward December 2022 over the debacle, alleging fraud, price-fixing, and antitrust violations. The lawsuit, joined past thousands of fans, claimed that Ticketmaster was “a monopoly” that “knowingly misled millions of fans.”
A year later, the fan, Michelle Sterloff, dropped her case. Although she never stated why, it was reported shortly beforehand that both sides were meshed inward “ongoing closure discussions.”
The DOJ’s cause could live filed as ahead of time as next month.
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