Ticketmaster / Live Nation SUED By 🇺🇸 Justice Department, Court Expected To Break Up TicketMaster | Britney VS The Industry | Let's Unite For Justice 🚨 Take Down Jamie, TriStar, BlackBox, Live Nation, Ticketmaster, Caesar's Entertainment...

[Gutterguppy]

53 minutes ago, Lola2790 said:

AI summary for those not wanting to read the article:

- **Lawsuit Background:**
  - The Justice Department sued Live Nation Entertainment / TicketMaster, alleging illegal maintenance of a monopoly in the live entertainment industry.

  - 29 states and the District of Columbia joined the lawsuit.

 

- **Allegations Against Live Nation:**
  - Live Nation is accused of dominating the industry through exclusive ticketing contracts, artist coercion, and threats to rivals.
  - These tactics are said to result in higher ticket prices and stifle innovation and competition.

 

- **Government's Demands:**
  - The lawsuit seeks the breakup of Live Nation, at least divesting Ticketmaster, and preventing anti-competitive practices.

 

- **Government's Rationale:**
  - The lawsuit is part of a broader effort to curb corporate power in the internet age, with comparisons to antitrust cases against tech giants like Apple, Google, Amazon, and Meta.

 

- **Live Nation's Dominance:**
  - Live Nation's extensive reach covers concert promotion, ticketing, artist management, and operation of venues and festivals worldwide.
  - It controls a significant portion of concert promotions and primary ticketing at major venues in the U.S.

 

- **Criticism and Response:**
  - Critics accuse Live Nation of harming rivals and inflating ticket prices through monopolistic practices.
  - Live Nation denies monopoly claims, attributing ticket prices to factors like production costs and artist popularity.

 

- **Political and Regulatory Response:**
  - Lawmakers, including Senator Amy Klobuchar, support the lawsuit and the call to break up Live Nation.
  - The Justice Department's previous agreement with Live Nation in 2010 was found to be violated in 2019, leading to the current lawsuit.

 

- **Anticompetitive Practices:**
  - Live Nation allegedly exploits relationships to exclude competitors from the market and maintains dominance through acquisitions and coercive tactics.

 

- **Industry Impact:**
  - The lawsuit has the potential to reshape the multibillion-dollar music industry by challenging Live Nation's dominance.

 

- **Global Comparison:**
  - The U.S. concert business differs from other parts of the world, where venues have "open" deals allowing competition between ticketing companies.

 

- **Public Reaction:**
  - Some fans express frustration over ticket prices and difficulty in obtaining tickets, particularly for popular artists like Taylor Swift.
  - The Justice Department's suit receives praise from fans and industry observers alike, highlighting concerns over Live Nation's unchecked growth.

We love to see it 

[Lola2790]

4 minutes ago, Gutterguppy said:

We love to see it 

Swifties are amazing (never thought I'd say that )

 

[Gutterguppy]

3 minutes ago, Lola2790 said:

Swifties are amazing (never thought I'd say that )

 

This place should take a page out of their book and be more unionized as fanbase 

[Lola2790]

35 minutes ago, Gutterguppy said:

This place should take a page out of their book and be more unionized as fanbase 

Speak on it!

It's so sad how divisive it became because of all that TikTok conspiracy AI/clone crap and people fixating on her Instagram when all that is a distraction to what's truly important... 

 

[Mx_Defying]

6 minutes ago, Lola2790 said:

Speak on it!

It's so sad how divisive it became because of all that TikTok conspiracy AI/clone crap and people fixating on her Instagram when all that is a distraction to what's truly important... 

 

I hope all the haters are gagging on a spoon.

[Lola2790]

19 minutes ago, Mx_Defying said:

I hope all the haters are gagging on a spoon.

We need the trial date