After a chaotic ticket presale for Taylor Swift’s concert tour, antitrust experts and members of Congress are pushing to rein in the power of Ticketmaster and Live Nation.
At the time of the merger, the companies "argued that by combining they would be able to reduce inefficiencies in the marketing and presentation of live events, which would help to revive the ailing music industry and ultimately benefit consumers," The New York TimesNow, Live Nation Entertainment controls 70% of the primary ticketing and live-event venues marketplace, according to the American Economic Liberties Project, a nonprofit advocating for corporate accountability and...
"The issue is not what exact percent of a market a corporation controls, but whether or not their dominant position allows them to act anti-competitively. That’s a violation of antitrust laws," Brown said.PBS NewsHour "And when you put a firm together that has that kind of market power, the exercise of that market power, whether it be through threats to concert venues if they don't take Ticketmaster as their platform, or whether it is high ticket fees to consumers, we are seeing all of that market power," Moss said.
However, in 2019, the Justice Department investigated Live Nation and found it had violated these terms. The settlement clarified what Live Nation could do when negotiating ticketing deals with venues, and the consent agreement was extended until 2025.
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