Conor Pope: Coldplay and Taylor Swift are just the start: the ticket price plan to bleed Irish fans dryThat multinational in turn operates big Dublin venues, including 3 Arena, once called the Point Depot, and the Bord Gáis Energy, Gaiety and Olympia theatres. Live Nation is also responsible for the Electric Picnic festival, to be run next month in Stradbally, Co Laois, and Longitude, in Marlay Park in Dublin’s south suburbs, which was held in July.
None of Ticketmaster’s contracts can last longer than five years, nor can they include an automatic renewal clause. The company cannot make any upfront payments to customers meant to circumvent those terms. The company disputed that exclusivity clauses and long-term contracts had any effect on competition, or that upfront payments were a way of encouraging clients into multiyear exclusive deals. Its view was that “multiyear exclusive agreements allowed for the upfront financing of events and allowed customers to invest in infrastructure and technology”.
The CCPC noted that due to the legal nature of its work “we cannot share any further information about our engagement with Ticketmaster”.
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