Rob Wile is a breaking business news reporter for NBC News Digital.
Many live music fans likely met the news that the U.S. Justice Department is seeking to break up Ticketmaster and its parent company Live Nation with glee. Long the subject of consumer complaints, angst toward the two companies reached a crescendo in 2022 when Bruce Springsteen fans were confronted with so-called “dynamic pricing” that saw face-value ticket costs rise to hundreds of dollars.
Harper said breakup of Live Nation and Ticketmaster would ideally foster more competition by allowing new firms into the market, giving consumers, artists and venues more choice in who they work with — and in turn driving down costs across the board. “You could see venues testing out and shopping around for different ticketing platforms and not having to stick with just one like Ticketmaster,” Harper said.
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