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How Live Nation-Ticketmaster became the villain of our time

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Helaine Olen is a managing editor at the American Economic Liberties Project and a reporter in residence at the Omidyar Network. She is the author of 'Pound Foolish: Exposing the Dark Side of the Personal Finance Industry' and a co-author of 'The Index Card: Why Personal Finance Doesn't Have to Be Complicated.

The Biden administration, along with a bipartisan group of 30 state attorneys general, filed suit Thursday against Live Nation, the parent company of Ticketmaster. The lawsuit seeks to break up what the government claims is an illegal monopoly. The main reaction from everyone — well, almost everyone — has been: It’s about time. The entertainment colossus, the result of a vertical merger between promoter Live Nation and ticket seller Ticketmaster, is widely loathed by music and sports fans alike.

As Jonathan Kanter, the head of the Justice Department’s anti-trust division, put it in a news release announcing the case, “The live music industry in America is broken because Live Nation-Ticketmaster has an illegal monopoly.” It’s not possible to say no to Ticketmaster, not if you want to see a live show. They’ve stuck their greedy snout in so many parts of the process, they are all but impossible to avoid.

 

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