Justice Department to (finally) file Antitrust lawsuit against Live Nation.

Tim Simmons
Tim Simmons Posts: 9,993
in The Porch
https://www.wsj.com/business/media/live-nation-justice-department-antitrust-lawsuit-ab98c268

Comments

  • PJNB
    PJNB Posts: 13,890
    edited April 2024
    read that as Altnation whoops 


    I wonder if anything can or will be done. Maybe we will get extra credit for some shows in the future to nothing any of us want to go to. 
    Post edited by PJNB on
  • JimmyV
    JimmyV Boston's MetroWest Posts: 19,605
    No better time than Patriots Day to kick a tyrant in the ass. 
    ___________________________________________

    "...I changed by not changing at all..."
  • 2-feign-reluctance
    2-feign-reluctance TigerTown, USA Posts: 23,462
    Here we go again! 
    www.cluthelee.com
  • Lerxst1992
    Lerxst1992 Posts: 8,133
    https://abcnews.go.com/US/justice-department-30-states-live-nation-ticketmaster-antitrust-lawsuit/story?id=110501830


    The lawsuit, filed by the DOJ and 30 state and district attorneys general in federal court in the Southern District of New York, accuses the company of creating a monopoly over the live entertainment market that has harmed music fans, artists and promoters around the United States through higher prices and frustrating consumer experiences.

    "The result is that fans pay more in fees, artists have fewer opportunities to play concerts, smaller promoters get squeezed out, and venues have fewer real choices for ticketing services," Attorney General Merrick Garland said in a statement announcing the lawsuit. "It is time to break up Live Nation."

    ..

    Filed today. At least they’re going after the venue kickbacks as much as service fees, as that really drives up ticket cost.  Will anything change?
  • pjl44
    pjl44 Posts: 10,594
    For all the TM grousing I was looking at my receipt for an AXS venue coming up where I bought a pair at $22 per ticket face. Almost 50% in fees.


  • pjl44
    pjl44 Posts: 10,594
    AXS yet again 


  • Lost In Ohio
    Lost In Ohio Posts: 7,271
    edited July 2024
    pjl44 said:
    For all the TM grousing I was looking at my receipt for an AXS venue coming up where I bought a pair at $22 per ticket face. Almost 50% in fees.



    Assuming that service charge goes to the venue (so they can pay their own bills), why the hell not split it up and make it more transparent?

    Venue Fee: $X
    Taxes: $X
    AXS fee, aka the money AXS actually keeps: $X.
    Credit Card Fee (I'm assuming that's the handling fee).

    I'm sure AXS doesnt get all that money, but it sure seems they do. All that does is make them look like the bad guy when they're passing a lot of that money on to others.

    Is it $8 fees per $22 ticket? Not bad.
    Is it $16.74 per $22 ticket and a constant fee no matter how many tickets bought? Eep.
    Post edited by Lost In Ohio on
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  • pjl44
    pjl44 Posts: 10,594
    Lost In Ohio said:
    pjl44 said:
    For all the TM grousing I was looking at my receipt for an AXS venue coming up where I bought a pair at $22 per ticket face. Almost 50% in fees.



    Assuming that service charge goes to the venue (so they can pay their own bills), why the hell not split it up and make it more transparent?

    Venue Fee: $X
    Taxes: $X
    AXS fee, aka the money AXS actually keeps: $X.
    Credit Card Fee (I'm assuming that's the handling fee).

    I'm sure AXS doesnt get all that money, but it sure seems they do. All that does is make them look like the bad guy when they're passing a lot of that money on to others.

    Is it $8 fees per $22 ticket? Not bad.
    Is it $16.74 per $22 ticket and a constant fee no matter how many tickets bought? Eep.
    Comparing to the post above yours, going from 2 to 4 tickets it's pretty linear. Handling fee doesn't change but most of it is in the service fee which is per ticket 


  • mookeywrench
    mookeywrench Posts: 6,081
    Should probably close this thread, it's pending litigation for a company with a close affiliation to the band.

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