Get Ready for More Ticketmaster Wars [The New York Times]
Live Nation Entertainment, Inc. (LYV)
Last live nation entertainment, inc. earnings: 10/31 04:01 pm
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Source: The New York Times
Music fans, we’ve got some bad news. The Trump Justice Department settled its case against Live Nation, so buying concert tickets will continue to suck for the foreseeable future. “It’s time for Ticketmaster war.” “There was another Ticketmaster great war.” “Why is it the Ticketmaster war?” You see, in 2024, the Justice Department sued Live Nation, the world’s largest concert promoter, to force them to sell Ticketmaster, America’s largest ticketing company. The lawsuit argued that the company was using its ginormous market power to put the squeeze on performers, venues and you. “Ticketmaster, count your [expletive] days.” “So over this.” And by the way, everyone knew that this is exactly what was going to happen when the government allowed these companies to merge. Bruce Springsteen knew it. “Bruce Springsteen says Ticketmaster abused his fans. And I agree with the Boss.” The government knew it. “The combination has the potential to create one company with a stranglehold on all segmen
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