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The Big Story

Ticketmaster vs. the US Department of Justice

May 29, 2024
An exploration of the lawsuit filed against Ticketmaster and Live Nation by the US Department of Justice for alleged monopolistic practices in the live music industry. The episode discusses the impact on concert prices and fees, the dynamics of the merger between Ticketmaster and Live Nation, and the potential implications of breaking up Live Nation on event availability and ticket competition.
14:56

Podcast summary created with Snipd AI

Quick takeaways

  • The US Department of Justice accuses Live Nation of creating a monopoly in ticketing by pressuring venues into exclusive agreements, limiting consumer choice.
  • Ticketmaster faces allegations of driving up ticket prices through anti-competitive practices, leading to lawsuits and scrutiny from regulators.

Deep dives

Allegations Against Live Nation and Ticketmaster

The United States Department of Justice filed an antitrust lawsuit against Live Nation, accusing them of creating an illegal monopoly in the ticketing business. Allegations state that Live Nation uses its relationships with high-profile musicians to pressure venues into exclusive ticketing agreements with its subsidiary, Ticketmaster. This alleged monopolistic behavior limits competition and choice within the ticketing industry, impacting consumers and competitors alike.

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