Robbing Them Blind, Baby: The Live Nation Case
Why your event tickets are sky high is even more infuriating than you can imagine.
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In a shocking turn of events, the federal government settled their long standing antitrust action against Live Nation after a week of in-court proceedings. This process was described as “mind-boggling” by the judge, and surprised counsel on both sides, along with many states’ attorneys generals who are also suing Live Nation.
Today on the show we break down the case against Live Nation and Ticketmaster (which it acquired back in 2010) with two guests: Gigi Liman, who is reporting on the trail for bigtechontrial.com, and Tommy Dorfman, a live music promoter who has been in litigation with Live Nation for over a decade. Together with Matt and David they break down the proceedings, how Live Nation uses mafia-like tactics to secure its monopoly, and where the case goes from here as states pick up the prosecutorial baton from a compromised federal justice department.
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Thank you so much for listening. If there’s a monopoly you’d like us to explore this year, or if you have anything else to tell us, please let us know by leaving a comment or by responding directly to this email.
Imagine for a second, if nobody bought tickets from TicketMaster for any shows in protest. Not to punish artists, of course not, but we would see prices drop to their knees within the week. This would also allow competitors to step in. Then imagine legislation that gives the greatest percentage of money from ticket sale profits to the artists.
I think we've cross a threshold to where America is a 100% corrupt and failed State.