CD267: The Monopoly Powers of Live Nation/Ticketmaster
Congressional Dish
The Problem With Live Nation Ticketmaster
Ticketmaster CFO offered these solutions to the long list of problems discussed in the hearing. But none of his solutions limit Ticketmaster for making money off of reselling the tickets that the Bots gobble up. The only way to restore competition in this industry is to break up Ticketmaster and Live Nation, he says.
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Live Nation and Ticketmaster merged over a decade ago and Congress is concerned - for good reason - that the company is exerting monopoly powers over the live event industry. In this episode, learn how the merger was allowed to happen in the first place, the problems that industry participants and competitors are having with the company, and what Congress is thinking of doing about it. Please Support Congressional Dish – Quick Links Contribute monthly or a lump sum via Support Congressional Dish via (donations per episode) Send Zelle payments to: Donation@congressionaldish.com Send Venmo payments to: @Jennifer-Briney Send Cash App payments to: $CongressionalDish or Donation@congressionaldish.com Use your bank’s online bill pay function to mail contributions to: Please make checks payable to Congressional Dish Thank you for supporting truly independent media! We're Not Wrong Live Show Wednesday, March 1 | 8:00 PM PSTPianoFight Main Stage San Francisco Background Sources Event Ticketing Market Apr 12, 2018. U.S. Government Accountability Office. Live Nation Overview Open Secrets. Open Secrets. Ticketmaster August Brown. Jan 24, 2023. The Seattle Times. Taylor Swift Ashley Cullins. Dec 5, 2022. The Hollywood Reporter. Caitlin Huston. Nov 18, 2022. The Hollywood Reporter. Caitlin Huston. Nov 17, 2022. The Hollywood Reporter. Bad Bunny Maria Abi-Habib. Dec 16, 2022. The New York Times. Dylan Smith. Apr 15, 2021. Digital Music News. BTS Dave Clark. Mar 3, 2022. Ticket News. Fengyen Chiu. Oct 11, 2021. Republic World. Adele Dave Clark. Dec 8, 2021. Ticket News. Pixies Steve Knopper. Nov 1, 2010. Wired. Bruce Sprintsteen Alex Young. Nov 18, 2022. Consequence Sound. Daniel Kreps. Feb 4, 2009. Rolling Stone. Pearl Jam Shawn Garrett. Nov 17, 2022. KIRO 7 News. Eric Boehlert. Dec 28, 1995. Rolling Stone. Reuters. Jul 1, 1994. The New York Times. Ticketmaster Scalper Program Dave Clark. Jul 8, 2021. Ticket News. Rachel Houlihan et al. Oct 18, 2018. CBC News. Dave Seglins et al. Sep 19, 2018. CBC News. Antitrust Policy and Enforcement Doha Mekki. Jan 26, 2023. U.S. Department of Justice. John Kwoka. Dec 19, 2018. Washington Center for Equitable Growth. Jul 5, 2007. Sheppard Mullin. Alan S. Middleton. Jul 3, 2007. Davis Wright Tremaine LLP. Richard B. Blackwell. March 1972 *13(3). William & Mary Law Review. Mergers and Monopoly Power Open Markets Institute. Live Nation-Ticketmaster Merger U.S. Department of Justice. (July 2010) (January 2020) (January 2020) Kroger-Albertsons Merger Julie Creswell. Jan 23, 2023. The New York Times. Russell Redman. Dec 6, 2022. Winsight Grocery Business. Laws Bills Sponsor: Amy Klobuchar (D-MN) Audio Sources January 24, 2023 Senate Committee on the Judiciary Witnesses: Joe Berchtold, President and Chief Financial Officer, Live Nation Entertainment, Inc. Jack Groetzinger, Chief Executive Officer, SeatGeek, Inc. Jerry Mickelson, Chief Executive Officer and President, Jam Productions, LLC Sal Nuzzo, Senior Vice President, The James Madison Institute Vice President for Legal Advocacy, American Antitrust Institute Clyde Lawrence, Singer-songwriter, Lawrence February 24, 2009 Senate Committee on the Judiciary, Subcommittee on Antitrust, Competition Policy and Consumer Rights Witnesses: Irving Azoff, Chief Executive Officer, Ticketmaster Entertainment, Inc. Jerry Mickelson, Chairman and Executive Vice President, JAM Productions Michael Rapino, President and Chief Executive Officer, Live Nation, Inc. David A. Balto, Senior Fellow, Center for American Progress Action Fund Seth Hurwitz, Co-Owner, I.M.P. Productions and 9:30 Club YouTube Cover Art Design by Only Child Imaginations Music Presented in This Episode by
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