Why Live Nation and Ticketmaster dominate the live entertainment industry

  • 📰 CNBC
  • ⏱ Reading Time:
  • 31 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 16%
  • Publisher: 72%

Belgique Nouvelles Nouvelles

Belgique Dernières Nouvelles,Belgique Actualités

Why do Live Nation and Ticketmaster dominate the live entertainment industry? And are they abusing their power? Emily_Lorsch reports.

"The Department of Justice alleged six issues in 2019 which led to our decision with them to extend the consent decree. We did not feel it made sense to be seen as defending the theories of retaliation or threats. It's not our business practice. It goes against our fundamental focus on alignment with the artists. The idea that we would ever put our interests ahead of theirs. So we are comfortable extending the consent decree," said Berchtold during Tuesday's hearing.

"In a world where the promoter and the venue are not affiliated with each other, we can trust that the promoter will look to get the best deal from the venue; however, in this case the promoter and the venue are part of the same corporate entity so the line items are essentially Live Nation negotiating to pay itself," Lawrence said.

"Ticketmaster has created these exclusive contracts, once you sign that contract, a band is not allowed to come in and say, 'we want to sell our tickets with X, Y, Z platform,'" said Jordan Cohen, one of the band's eight members.

 

Merci pour votre commentaire. Votre commentaire sera publié après examen.

Who gives a rats ass

That's great news thank you for sharing all the information good vibes for everyone Best greetings from México city

Emily_Lorsch Of course they are abusing their position. It’s a monopoly. The most ridiculous obvious abuse in modern free markets.

Emily_Lorsch

Emily_Lorsch Tried buying Willie Nelson tickets through Ticketmaster today. What a clusterfk. $130 service fee per ticket?! Hell no

Nous avons résumé cette actualité afin que vous puissiez la lire rapidement. Si l'actualité vous intéresse, vous pouvez lire le texte intégral ici. Lire la suite:

 /  🏆 12. in BE

Belgique Dernières Nouvelles, Belgique Actualités

Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.

How Live Nation and Ticketmaster have a monopoly on the live entertainment industryConsumers are calling for the Live Nation and Ticketmaster monopoly to end. Here's how they became the dominant force in the live entertainment business. Who gives a pooooop?
La source: CNBC - 🏆 12. / 72 Lire la suite »