#concert-industry-monopoly

[ follow ]
#antitrust-settlement #live-nation #ticketmaster #venue-exclusivity-agreements #antitrust-law
NYC music
fromPitchfork
5 hours ago

Live Nation and Justice Department Move to Settle in Antitrust Lawsuit

The DOJ and Live Nation reached a tentative settlement requiring Live Nation to divest from exclusive venue agreements, cap Ticketmaster exclusivity contracts at four years, and pay $280 million, though the company avoids divesting from Ticketmaster itself.
NYC music
fromJezebel
7 hours ago

Trump's DOJ Embraces Concert Price Gouging in Sweetheart Settlement with Live Nation, Ticketmaster

The DOJ settled its antitrust case against Live Nation without breaking up the company, instead requiring minor ticketing concessions and $200 million in damages, contradicting its initial lawsuit demanding divestiture.
NYC music
fromBusiness Insider
5 days ago

F-bombs and a vanishing Billie Eilish concert: Ex-arena exec describes 'retaliation' for booting Ticketmaster

Ticketmaster and Live Nation allegedly retaliated against Barclays Center for switching to competitor SeatGeek by reducing concert bookings and relocating events to other venues.
[ Load more ]