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CD267: The Monopoly Powers of Live Nation/Ticketmaster

Congressional Dish

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The DOJ's Decision to Allow a Vertical Merger to Go Forward

Live Nation is so powerful that it doesn't even need to exert pressure. It doesn't need to threaten because people just fall in line, says Senator Mike Lee of Utah. The Department of Justice allowed the merger to happen, but entered into a consent decree with Live Nation,. said they can't force venues to use Ticketmaster and can't retaliate against venues that don't. Unfortunately, that consent decree does not appear to have been effective, he adds.

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