TaylorNation Posted April 16 Posted April 16 (edited) (Reuters) -The U.S. Department of Justice is expected to file an antitrust lawsuit against Live Nation Entertainment as soon as next month, the Wall Street Journal reported on Monday, citing people familiar with the matter. Live Nation's subsidiary Ticketmaster was widely criticized for its handling of Taylor Swift's "Eras" tour in 2022, feeding demands that the two companies be investigated for harming consumers through their dominance of the live event market. U.S. senators slammed Live Nation's lack of transparency, fee structure and inability to block bot purchases of tickets during a hearing in January 2023. Joe Berchtold, Live Nation's president and chief financial officer, apologized to Swift fans at that hearing, but Ticketmaster has argued that bots used by scalpers were to blame for the debacle. The Wall Street Journal reported that the Justice Department lawsuit would claim that Live Nation has leveraged its commanding share of the live event ticketing market in a way that undermines competition. x is this it girls?? (@ mods sorry if this is in the wrong section, did not know where to post it) Edited April 16 by TaylorNation
tiagol88 Posted April 16 Posted April 16 I will never understand how this acquisition was allowed in the first place. 5 1
Sun Posted April 16 Posted April 16 good. the fact that merge was even allowed in the first place is insane.
Dialamba Posted April 16 Posted April 16 Thanks dynamic pricing isn't allowed in Europe but death to platinum tickets the biggest scam I've ever seen 1
shinyshimmery Posted April 16 Posted April 16 Can they sue them to bankruptcy pleaseeeeeee. No company should have a total monopoly on (non-resale) ticket sales.
K@rm@ Posted April 17 Posted April 17 Finally! the fees are ridiculous, it's like paying for an extra ticket!
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