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Finally. Between the market dominance via Live Nation and Ticketmaster merge. The venue exclusivity contracts they insist upon. They are a grotesque monopoly.
by seatac76 3y ago
Finally. Between the market dominance via Live Nation and Ticketmaster merge. The venue exclusivity contracts they insist upon. They are a grotesque monopoly.
- boringg 3y agoCouldn't agree more - all they did was aggregate market power then extract grotesque rents. Truly a terrible company.
- busterarm 3y agoThey are but the DoJ is getting involved 30 years too late. They crushed all of the meaningful competition that long ago. Even breaking the company up into parts wouldn't suddenly fix the industry.
- a_wild_dandan 3y agoWell that's good. Antitrust action isn't meant to suddenly fix anything overnight.
- xp84 3y agoIf the Live Nation one could be undone, and we could ban TM from operating venues and LN from selling tickets, and ban TM from having exclusive deals or sharing any of their "fees" with anyone else in any way, it'd be a start.
- choilive 3y agoCorrect, but it would give an actual market opportunity for new competitors.
- alfalfasprout 3y agoIt will allow room for ticketing companies to actually exist though. Right now it's basically just livenation and a long tail of smaller companies, many of which got swallowed up by eg; eventbrite.
- xyst 3y agoJd was in fact involved. They green lit the merger!
- fnfjfk 3y agoLots of music venues in NY use an app called "DICE", Eventbrite is also a thing
- sofixa 3y agoAnd Weezevent is quite popular in some European countries.
- Centigonal 3y agoIf they get split up, I predict we'll see everyone from AXS to Seatgeek to some Stanford blockchain bros with VC funding jumping into the market immediately.
- sirsinsalot 3y agoMost of the venues, behind the curtain, are Live Nation owned too.