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There's no way an investigation will spook them. The real crime was already approved by Congress when they let Live Nation merge with Ticket Master. Now Ticke
by ghostbrainalpha 9y ago
There's no way an investigation will spook them.
The real crime was already approved by Congress when they let Live Nation merge with Ticket Master.
Now Ticket Master also owns all the the artists contracts that they are booking in these venues. You can choose to leave Ticket Master, and you can easily replace their ticketing services.
But if you leave, you lose access to all the artists who you would have liked to have in your venue. So you can have a beautiful arena with a fair priced in house ticketing system, but it means 'fuck-all' if you can't book Lady Gaga or any of the other profitable acts to come play in your venue.
- icebraining 9y agoCongress? Aren't those mergers approved or denied by the executive branch?
- ghostbrainalpha 9y agoYou are right. This was approved by the Justice Department, under the Executive Branch. Thanks for pointing it out. https://www.nytimes.com/2010/01/26/business/26ticket.html https://www.nytimes.com/2010/01/26/business/26ticket.html Obligatory..... "Thanks Obama"
- TheCoelacanth 9y agoMergers of companies of that size need to be approached with the presumption that they will substantially lessen competition, because they almost always do. The companies should have to go to extreme lengths to prove that the merger will not substantially lessen competition and hence are not prohibited by the Clayton Act. These companies get off far too easily when it comes to scrutiny of mergers, when a straightforward reading of the Clayton Act would prohibit nearly any merger of large companies that operate in similar industries.