NIVA - National Independent Venue Association的动态

Finally! Live Nation (Ticketmaster) has created an open market for reseller bots to price gouge consumers. For the sake of artists large and small, it's time to do something. ?? Live Nation charges fees and takes a cut of the proceeds every time a ticket is sold - they are incentivized to have 1 ticket trade hands as many times as possible. No surprise, the reselling of tickets has flourished, with bots and web crawlers driving much of the initial purchasing. The high traffic from bots is what crashed Live Nation's servers during the infamous Taylor Swift incident. Ultimately, it comes down to two things, that when simultaneously true, hurt consumers: ?? Live Nation has a monopoly on how/where artists can sell tickets, and how/where fans can purchase them. ?? Live Nation doesn't do enough to prevent bots from crawling its site and purchasing tickets. In fact, it has a financial incentive to let them. As the late Charlie Munger said, "show me the incentive and I'll show you the outcome". Artists can't stand this. Fans can't stand this. Lately, there have been several DOJ lawsuits against companies that haven't resonated with me. But this one feels appropriate. Let's get more competition and more accountability back into the system. #capitalism #regulation #antitrust

DOJ to Sue Live Nation Entertainment for Antitrust Violations The US Justice Department, along with a coalition of states, is set to file an antitrust lawsuit against Live Nation Entertainment Inc., the parent company of Ticketmaster. This significant legal action will challenge Live Nation's dominance over concert ticket sales. ?? Why This Matters: Live Nation, the largest concert promoter in the US, merged with Ticketmaster in 2010. The merger was conditionally approved by the Obama administration, with Live Nation promising not to retaliate against venues that chose other ticketing services. However, subsequent investigations revealed repeated violations of this agreement. ??Key Developments: - In 2019, under the Trump administration, a modified settlement was reached, which included external monitoring of Live Nation’s practices. - The Biden administration reopened the probe in 2022 due to ongoing concerns about compliance. - The issue gained widespread attention after Ticketmaster's handling of Taylor Swift's ticket sales, highlighting the impact of monopolistic practices on consumers. ?? What’s Next: The lawsuit, expected to be filed in the Southern District of New York, may seek remedies including the potential breakup of Live Nation. This action is part of a broader push by the Biden administration to enforce antitrust laws and promote competition. This move underscores the administration's commitment to curbing monopolistic behaviour and protecting consumer interests. As this case unfolds, it could reshape the landscape of the entertainment and ticketing industry. Bloomberg News. (2024, May 22). Justice Department to seek breakup of Live Nation-Ticketmaster. Bloomberg. Retrieved from https://lnkd.in/deyiZi-G. Bloomberg News #TicketingIndustry #DOJ #Livenation

On the latest episode of Law, Disrupted, John B. Quinn is joined by Quinn Emanuel partners Kevin Teruya and Adam Wolfson. Together, they discuss the recent antitrust case filed by the U.S. Department of Justice against Ticketmaster and Live Nation by delving into Live Nation's concert promotion services and Ticketmaster's ticket sales and exclusive venue contracts. They also review the companies' history with the DOJ, including the 2010 consent decree and its 2020 extension. Their discussion covers the DOJ’s new case, alleging non-compliance and anti-competitive practices, including monopolization and exclusive dealing. They outline the companies' potential defenses and likely testimonies from industry figures. Finally, they mention the pending consumer class action case against Ticketmaster and Live Nation and the potential for additional private antitrust cases. Listen on: Apple: https://lnkd.in/gjWvJhF2 Spotify: https://lnkd.in/gdHYwZWe #quinnemanuel #lawdisrupted #doj

Michael A. Carrier: "In part I of this series, I outlined the evidence the government gathered to support its lawsuit against Live Nation-Ticketmaster for monopolizing the live entertainment market. In part II, I assess the merits of the lawsuit and discuss four elements that reveal the complaint’s strength: 1) long-recognized anticompetitive harms, 2) weak procompetitive justifications, 3) a clear remedy, and 4) support from multiple antitrust perspectives." https://lnkd.in/gnX39yDg

I recently sat down with my partners, John B. Quinn and Kevin Teruya, to discuss the DOJ's recent antitrust lawsuit against Live Nation and Ticketmaster. We talk about the companies' business model and history with the DOJ, the nature of the DOJ's claims, and the likely twists and turns we will see as that case continues. If you would like a primer on the dispute and issues, I highly recommend giving it a listen.

What’s better than poking a bear? Poking two bears at once! MBW reported earlier this week on an internal memo by Jay Marciano, the boss of live firm AEG Presents. In it he claimed that “Ticketmaster has a monopoly in the US ticketing marketplace and uses that monopoly power to subsidize Live Nation’s content businesses” and predicted that the US Department of Justice will win its antitrust lawsuit against the companies. Now that report has drawn a sharp response from Live Nation’s EVP of corporate and regulatory affairs Dan Wall. “This is why antitrust protects competition, not competitors trying to use the courts to advance their own interests. AEG supports this case – indeed, begged DOJ to file it – because it doesn’t want to pay artists market rates or convince venues to adopt its second-rate ticketing system exclusively,” claimed Wall. Read The Full Story Here: https://lnkd.in/dg43ZTbb #TicketingWars #LiveNation #AEGPresents #musically #musicnews #readmore

The million dollar question? Why are these practices, recurring, like others and those to come? They cannot be eradicated, from the roots or from the format that for other things, we have ideas or at least apply or start with those in other countries, which are already leaders in technology, jurisprudence, order, discipline, elimination of corruption, etc. They are advancing or progressing, over arrogance, privileges, hegemonies, etc. Everything archaic, obsolete, obsolete, in protocols, manipulations. conventional, opportunistic, what is commercial asepsis, bureaucratic sanitation, a system that obstructs or incapacitates, speculative mediocrity, of the old schools of favors and pre-sales? Was it understood?

The Department of Justice's lawsuit against Ticketmaster for alleged antitrust violations is expected to bring positive changes to the live event industry, benefiting consumers in the long run. This legal action follows years of consumer dissatisfaction with various ticket marketplaces, not just limited to Ticketmaster. We have lead with credibility and transparency, with no transaction fees and upfront all-in pricing, it's who Sports Illustrated has been for 70+ years. There is progress being made with the House of Representatives passing #junkfee legislation which is now in the Senate for review. The DOJ, Congress and Biden Administration are committed to creating a competitive transparent ticketing market and it can't happen fast enough. #DOJ #Ticketmaster #Antitrust #ConsumerRights #EntertainmentIndustry

Another story about the Justice Department and potential antitrust violations involving Live Nation that inexplicably mentions the Taylor Swift onsale fiasco from November of 2022. The setup of that tour was the exact opposite of a monopoly. The artist management/promoter was a separate entity from the venues, which were separate entities from the primary market ticketing companies, which did not offer resale for the tour. I'm not a lawyer or an antitrust expert but it seems like this is silly if in fact it's the main reason for the Federal government to bring legal action against Live Nation. Or is this just lazy reporting and mentioning Taylor Swift is simply just clickbate? I'm curious as to what my other ticketing and live event peeps have to say about this. Are you in favor of the Justice Department breaking up Live Nation, or just telling them to put a stop to certain business practices? If you would like to see the company broken up, what division specifically would you like to see separated? Let me know in the comments. https://lnkd.in/g-V6z5Cx

We could have another antitrust on our hands coming from the Justice Department, coming next month. This time: Live Nation. Why? The monopolization of the industry along with fees/business practices, not only for consumers but also artists. Live Nation merged with Ticketmaster in 2010 and controls over 80% of primary ticket sales for major US venues. Some highlights: - Allegations focus on Live Nation's dominance in concert promotion and ticketing. Seen with Beyoncé’s Renaissance Tour and Taylor Swift’s The Eras Tour, respectively — for years before, but these two brought focus. - Criticisms include outlandish ticket fees and anti-competitive practices. It’s been brutal. - 2019 settlement conditions extended through 2025 after violations by Live Nation. Why this matters: This could reshape the competitive landscape in the ticketing industry along with market consolidation and consumer impact. I’ve been waiting for this and watching due not only the influx of concerts (without much notice) but also the lawsuit could prompt changes in how tickets are sold and managed, potentially leading to more competition and lower fees.