Ticketmaster and Live Nation are sued by the United States Department of Justice for monopolistic practices – El Diario NY

Ticketmaster and Live Nation are sued by the United States Department of Justice for monopolistic practices – El Diario NY

The international company Ticketmasternext to Live Nationwere sued by the United States Department of Justice as well as 30 states of the North American nation for monopolistic practices.

According to the lawsuit, filed on May 23 before the United States District Court for the Southern District of New York, it is alleged that Live Nation and Ticketmasterits subsidiary that it acquired in 2010, “illegally exercise their monopoly power.”

The above, according to the Justice Departmenthas caused users to be forced to use obsolete technology to obtain tickets to the required shows in addition to having to pay more money for the tickets.

“We allege that Live Nation relies on illegal and anticompetitive conduct to exert its monopolistic control over the live events industry in the United States at the expense of fans, artists, small promoters and operators.”

Merrick Garland

Attorney General

What will happen to Ticketmaster and Live Nation?

As mentioned by the Attorney General Merrick Garlandthe demand also creates problems for the artists themselves, who have less opportunity to carry out their shows.

Likewise, and directly, what was done by Ticketmaster and Live Nationaccording to him United States Department of Justicesmaller promoters are excluded from carrying out large events.

Bad Bunny performing at a show.

According to the same lawsuit, which highlights the monopolistic practices of both companies, Live Nation manages nearly 400 music artists nationwide, representing nearly 60% of the concert promotions taking place in the United States.

In addition to the above, both companies have control of more than 250 concert halls in North America, including the United States and Canada. Likewise, and thanks to Ticketmaster, Live Nation controls 80% or more of the main ticket sales for major concerts and performance venues.

Shakira performing in a show.
Shakira is one of the artists who work with Live Nation and Ticketmaster.
Credit: Mezcalo

For all of the above, the Justice Department and the 30 plaintiff states demanded that, among the variety of requirements, that Live Nation band Ticketmaster as a way to remedy any anti-competitive harm.

After the disclosure of the lawsuit, the same company released a statement in which it denied said practices in addition to revealing that these types of actions are political.

It is absurd to claim that Live Nation and Ticketmaster exercise monopoly power.”

Merrick Garland

Attorney General

Likewise, and under the same thread, the company pointed out that contrary to demand, competition in the industry has led to the acceptance rate being increasingly lower.

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