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>Ticketmaster apparently lost access to the system by 2015, the same year CrowdSurge merged with Songkick. Songkick sued Live Nation and Ticketmaster for violat

>Ticketmaster apparently lost access to the system by 2015, the same year CrowdSurge merged with Songkick. Songkick sued Live Nation and Ticketmaster for violating antitrust laws. But it soon sold or shut down its services, and in 2018, it accepted a $110 million settlement — plus an undisclosed sum to sell some of its remaining assets to Ticketmaster. >Ticketmaster expressed satisfaction with the outcome in a statement Crime pays off, in the end.

xwdv 6y ago
If it didn’t there wouldn’t be any crime.
- NateEag 6y ago
  Humans are not perfectly rational agents, so this does not follow.
  - bbrree66 6y ago
    Congratulations, you win stupidest comment of the day!
  - curtainsforus 6y ago
    Still, if crime never paid off for anyone, people would wise up eventually- save for exploratory divergent forays in case the situation has changed.
    - MaxBarraclough 6y ago
      Crimes of passion are rarely rational.
      - curtainsforus 6y ago
        It's all evopsych game theory
      - sitkack 6y ago
        When corporations are committing crimes of passion we have a huge problem. In the meantime, fine, jail and restructure.
    - buckminster 6y ago
      > people would wise up eventually Sadly, this isn't true. As quickly as the old idiots realise that their actions are futile, new idiots are born to repeat their mistakes.
      - curtainsforus 6y ago
        >save for exploratory divergent forays in case the situation has changed Sometimes, crime does pay. So there's a risk-reward strategy to being the kind of person prone to commiting crimes. Two years ago, doing X might have been a net negative; now, maybe due to police cuts etc. it's viable. But it's hard to know this in advance; to find out, someone has to walk the territory.
      - xwdv 6y ago
        This can apply to more than just crimes. Careers for instance.
noknownsender 6y ago
Sounds like we need a corporate death penalty.
- norswap 6y ago
  Sounds like you need to s̶t̶f̶u̶ read the HN comment guidelines (https://news.ycombinator.com/newsguidelines.html https://news.ycombinator.com/newsguidelines.html). (And maybe I should too.)
  - 93po 6y ago
    What, is it against the rules to be against the evils of capitalism?
- z3t4 6y ago
  Ianal. But i think you can be sentence to never run a company again.
  - sokoloff 6y ago
    Also NAL. You can certainly be barred from serving as an officer of a publicly-traded company. I doubt you can be barred from running a small company (absent being incarcerated which may indirectly/practically bar that).
  - treespace88 6y ago
    Ohh that’s good. No longer able to own any corp or LLC anywhere. Forced to liquidate all holding and be taxed as a normal citizen.
- deleted 6y ago
  [deleted]
- JumpCrisscross 6y ago
  > a corporate death penalty This is a silly idea if you think about it. Companies are packets of assets and obligations. Liquidations usually involve shareholders pulling the plug. If the shareholders want the company to keep going but the government doesn’t, when you liquidate the assets, the old shareholders will simply re-purchase them and re-hire the same (or a similar) team. Not a lot done except hosing creditors and enriching lawyers. Okay, so you ban former shareholders from buying. Who is most likely to be able to do the fire sale diligence? A competitor. Now you have a policy that promotes industrial concentration. Fine, ban competitors. At this point, few deeply knowledgeable about the assets can bid. In most cases, a deep discount bid will take the cake. So a wealthy person will get assets at a discount from pension plans and individual investors. Applying concepts like a “death penalty” to legal fictions is emotionally satisfying but economically dubious. I am actually surprised it hasn’t been suggested as a solution by large-company lobbyists. It creates lots of legal work. A back door for wiping out debts. And it enriches wealthy clients while sidestepping real consequences.
snarf21 6y ago
And when the fines are so small for such huge crimes with no jail time for executives, this is what you get.
hobby-coder-guy 6y ago
Paid off how?

xwdv 6y ago

If it didn’t there wouldn’t be any crime.

NateEag 6y ago
Humans are not perfectly rational agents, so this does not follow.
- bbrree66 6y ago
  Congratulations, you win stupidest comment of the day!
- curtainsforus 6y ago
  Still, if crime never paid off for anyone, people would wise up eventually- save for exploratory divergent forays in case the situation has changed.
  - MaxBarraclough 6y ago
    Crimes of passion are rarely rational.
    - curtainsforus 6y ago
      It's all evopsych game theory
    - sitkack 6y ago
      When corporations are committing crimes of passion we have a huge problem. In the meantime, fine, jail and restructure.
  - buckminster 6y ago
    > people would wise up eventually Sadly, this isn't true. As quickly as the old idiots realise that their actions are futile, new idiots are born to repeat their mistakes.
    - curtainsforus 6y ago
      >save for exploratory divergent forays in case the situation has changed Sometimes, crime does pay. So there's a risk-reward strategy to being the kind of person prone to commiting crimes. Two years ago, doing X might have been a net negative; now, maybe due to police cuts etc. it's viable. But it's hard to know this in advance; to find out, someone has to walk the territory.
    - xwdv 6y ago
      This can apply to more than just crimes. Careers for instance.

noknownsender 6y ago

Sounds like we need a corporate death penalty.

norswap 6y ago
Sounds like you need to s̶t̶f̶u̶ read the HN comment guidelines (https://news.ycombinator.com/newsguidelines.html https://news.ycombinator.com/newsguidelines.html). (And maybe I should too.)
- 93po 6y ago
  What, is it against the rules to be against the evils of capitalism?
z3t4 6y ago
Ianal. But i think you can be sentence to never run a company again.
- sokoloff 6y ago
  Also NAL. You can certainly be barred from serving as an officer of a publicly-traded company. I doubt you can be barred from running a small company (absent being incarcerated which may indirectly/practically bar that).
- treespace88 6y ago
  Ohh that’s good. No longer able to own any corp or LLC anywhere. Forced to liquidate all holding and be taxed as a normal citizen.
deleted 6y ago
[deleted]
JumpCrisscross 6y ago
> a corporate death penalty This is a silly idea if you think about it. Companies are packets of assets and obligations. Liquidations usually involve shareholders pulling the plug. If the shareholders want the company to keep going but the government doesn’t, when you liquidate the assets, the old shareholders will simply re-purchase them and re-hire the same (or a similar) team. Not a lot done except hosing creditors and enriching lawyers. Okay, so you ban former shareholders from buying. Who is most likely to be able to do the fire sale diligence? A competitor. Now you have a policy that promotes industrial concentration. Fine, ban competitors. At this point, few deeply knowledgeable about the assets can bid. In most cases, a deep discount bid will take the cake. So a wealthy person will get assets at a discount from pension plans and individual investors. Applying concepts like a “death penalty” to legal fictions is emotionally satisfying but economically dubious. I am actually surprised it hasn’t been suggested as a solution by large-company lobbyists. It creates lots of legal work. A back door for wiping out debts. And it enriches wealthy clients while sidestepping real consequences.

snarf21 6y ago

And when the fines are so small for such huge crimes with no jail time for executives, this is what you get.

hobby-coder-guy 6y ago

Paid off how?