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The Town with Matthew Belloni
Everyone Hates Ticketmaster, but Is It a Monopoly?
May 24, 2024
Legal expert Eriq Gardner and host Matt discuss the U.S. government's monopoly lawsuit against Ticketmaster and Live Nation. They explore the history of the merger, why concert prices may not go down post-split, impact on secondary markets, and what a divided Ticketmaster–Live Nation might entail.
32:24
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Quick takeaways
- The lawsuit aims to break Live Nation's dominance in concert promotion by addressing anti-competitive behaviors and exclusive venue control.
- Debates on ticket pricing highlight the challenge of justifying high fees, emphasizing the need for market competition and fee transparency.
Deep dives
Antitrust Lawsuit Against Live Nation and Ticketmaster
The federal government sues Live Nation and Ticketmaster, accusing them of anti-competitive practices, such as imposing hefty fees on consumers and pressuring artists to use their services. This lawsuit aims to break up the dominant position Live Nation holds in concert promotion, arguing they manipulate artists and venues for exclusivity. Despite the complexities and the potential impact on the industry, including the relationship between concert promotion and ticketing, the outcome remains uncertain.
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