@brutamerica: In a significant move that could reshape the live entertainment industry, the U.S. Department of Justice (DOJ) has filed an antitrust lawsuit against Live Nation Entertainment, the parent company of Ticketmaster. The lawsuit, filed in the Southern District of New York, accuses the entertainment giant of monopolistic practices that have stifled competition, driven up ticket prices, and limited consumer choice. This legal action comes after years of mounting criticism and scrutiny over the company's business practices, particularly following the botched sale of tickets for Taylor Swift's "The Eras Tour.” Ticketmaster's website crashed under the overwhelming demand, leaving millions of fans unable to purchase tickets. The incident led to widespread outrage and calls for regulatory action. Fans reported being stuck in online queues for hours, only to be dropped from the system or find that tickets were sold out. Ticketmaster blamed the issues on bots and scalpers, but the public and lawmakers were not convinced. The DOJ's lawsuit alleges that Live Nation has used its dominant position to engage in anti-competitive practices that harm consumers and competitors alike. According to the complaint, Live Nation has leveraged its control over ticket sales, concert promotion, and venue management to box out rivals and maintain its monopoly. The lawsuit seeks structural changes to the company's business practices, which could include breaking up Live Nation and Ticketmaster. Credit: Rachel Wisniewski/For the Washington Post
Brut.
Region: US
Thursday 23 May 2024 15:16:25 GMT
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Parmesan :
We should start counting how long the breaks are between the government doing something we actually want. I think this break took about 2 years
2024-05-23 15:26:45
67
ThunDerpIous 0ne :
...what about the government's Monopoly?
2024-05-23 17:23:35
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Tigger 63 🇺🇸💙 :
We need “box office pricing” again!!!!
2024-05-23 15:23:45
29
peyek1 :
great. now do tech and pharma
2024-05-23 17:08:40
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Mario Kart Fan825 :
W
2024-05-23 15:25:14
0
Chuck - Sallwell :
Do AIPAC next
2024-05-23 16:31:48
4
Natalia_alass :
Get them to stop dynamic pricing now
2024-05-23 17:04:16
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Jabthedab :
Now do Kellogg
2024-05-23 19:30:51
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ginamp4242 :
OH PLEASE! The House and Senate approved their merger a while back. too little too late
2024-05-23 17:44:48
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Make Art Not War🇳🇴 :
I only know about Sweden where you’re not allowed to resell tickets for more than its original price..
2024-05-23 17:58:25
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Chuck - Sallwell :
Do google next.
2024-05-23 16:40:00
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ainsleyeddins :
@ave
2024-05-24 12:42:33
12
spinorak :
@Pearl Jam would be proud! 🔥
2024-05-23 15:25:00
1
🌮😡🤣Gabe Axol team 🇨🇦 🇺🇦 :
FINALLY ARE WORTHLESS GOVERNMENT IS WAKING UP
2024-05-23 15:27:55
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Yok ⭐️ :
TICKETMASTER NEVER GSNE ME MY $700 BTS CONCERT REFUND
2024-05-23 15:20:28
15
Helicopter558 :
Good
2024-05-23 15:27:30
13
🐈 :
FINALLY
2024-05-23 15:42:15
12
Nattdy Daddy :
Remember they're only doing this because it's an election year, incumbent politicians don't care about you.
2024-05-23 16:48:46
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AndrewLmaoo :
Thank god I purchased my $800 $B tickets on SeatGeek👌
2024-05-23 15:25:41
3
Bruh :
Let’s gooooooo
2024-05-23 18:27:21
2
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