The DOJ's Lawsuit Against Live Nation and Ticketmaster & The Future of Concert Ticket Sales

According to a May 23rd U.S. Department of Justice press release, “the Justice Department, along with 30 state and district attorneys general, filed a civil antitrust lawsuit against Live Nation Entertainment Inc. and its wholly-owned subsidiary, Ticketmaster LLC (also known as Live Nation-Ticketmaster) for monopolization and other unlawful conduct that thwarts competition in markets across the live entertainment industry.” A high demand for tickets to Taylor Swift’s “Eras Tour” and a rise in ticket prices for a 2022 Bruce Springsteen concert, are just a few examples of how Live Nation-Ticketmaster’s actions angered consumers, and ultimately led the DOJ to step into action.

In this episode, Craig is joined by Lee Hepner, a California-based antitrust lawyer and Senior Legal Counsel for the American Economic Liberties Project, as they spotlight the Justice Department’s lawsuit against Live Nation-Ticketmaster. Craig & Lee will talk about the lawsuit, monopolies, antitrust law, and the potential impact this could have on the ticket sales giant and future ticket sales.

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00:00-03:32 Introduction
03:33-04:35 The American Economic Liberties Project
04:36-06:27 The Sherman Act
06:28-11:33 Why the Justice Dept. Is Suing Ticketmaster
11:34-13:57 The Importance of Artists Like Taylor Swift Speaking Up
13:58-15:48 Where The Money Is Going
15:49-17:15 United States v. AT&T
17:16-20:21 Will Concert Tickets Be Cheaper In The Future?
20:22-22:29 Dynamic Pricing
22:30-23:17 Should Live Nation and Ticketmaster Break Up?
23:18-26:18 How to Report Your Ticketmaster Problems
26:19-28:09 Wrap-Up

#taylorswift #erastour #ticketmaster #livenation #concerttickets #concert

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[PaulaPatioOfficial]

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