The Daily

The Government Takes On Ticketmaster

26 snips
May 30, 2024
David McCabe, a technology policy correspondent for The New York Times, delves into the legal battle against Ticketmaster. He highlights the frustrations of music fans with ticket acquisition and the monopolistic grip of Live Nation, which controls 80% of the market. McCabe discusses allegations of coercive practices that harm artists and shape the concert experience. He also touches on how this case could shift the landscape of the live music industry, making it a pivotal moment for antitrust laws and consumer rights.
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ANECDOTE

Taylor Swift Ticket Fiasco

  • Taylor Swift's Eras Tour presale exemplified Ticketmaster's issues.
  • Fans experienced lockouts, unavailability, and high prices, highlighting the company's control.
INSIGHT

Live Nation's Expansive Reach

  • Ticketmaster's parent company, Live Nation Entertainment, dominates the live music industry.
  • They control promotion, ticketing, resale, artist management, and venues.
INSIGHT

The Initial Merger

  • In 2010, the DOJ allowed Live Nation and Ticketmaster to merge with conditions.
  • Concerns about reduced competition in ticketing arose early on.
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