ChiefsPlanet - Music Justice Department sues Ticketmaster and owner Live Nation, alleging illegal monopoly

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Justice Department sues Ticketmaster and owner Live Nation, alleging illegal monopoly (https://chiefsplanet.com/BB/showthread.php?t=353515)

Quote:

Originally Posted by scho63 (Post 17529874)

Why is LiveNation/Ticketmaster the bad guy when people pay $500 for a seat that was bought for $100 and the person who originally bought it makes a ton? That's free market.

The entertainment industry should find a way to help resolve this.

It seems that non-transferable tickets could work with todays technology.

I think it is a slippery slope.

Maybe you're finally getting it, I'm pretty sure that's the point of this lawsuit. Ticketmaster hasn't shown any interest in resolving this because they get to double dip. We'll have to see. I'm not sure they'll be broken up but this is obviously a play to get them to take their business more seriously.

What caused this isn't what you described. When Taylor Swift's last tour was announced, they didn't even have a "general" sale to the public. Ticketmaster themselves cancelled the public ticket sale a day or two before they even went on sale because of "extraordinarily" high demand. That's why the Swift fans flipped out and caused all this. The tickets never truly went to general sale. Now I'm sure some fans got tickets in a presale but a lot of those tickets ended up with scalpers and bots, LiveNation got dragged in front of Congress for it and pretty much admitted it was because of bots and scalpers. Taylor Swift herself called Ticketmaster out on it. Now some people think Ticketmaster is in on that game. They sell the tickets to scalpers, make a profit, then charge a second massive ticket fee when that scalper sells the ticket to a Swift fan for $1200. Whether they're in on it or not, they get to double dip basically.

Either way, the argument is their power over the music industry allows them to do whatever they want, strongarm venues and ticket resellers, and they have no incentive to figure out solutions for any issues that come up. That's literally the whole point of this.

Quote:

Originally Posted by scho63 (Post 17529910)

How much blame do the artists and their management deserve for this?

This isn't about them; this is about the astronomical fees Live Nation throws on top of ticket prices.

Quote:

Originally Posted by ChiefsCountry (Post 17529833)

It's not a monopoly in legal terms. It's like people arguing that Walmart is a monopoly. You have other choices in the marketplace. Artists have other venues they can choose in a market. You don't have to play Sprint Center - you can play Arrowhead, Kauffman, Sandstone, or even Joe's neighborhood bar. The fees are bullshit and almost racketeering but legally it's okay. I just don't see much of a case legally. Shitty business practices but not much from a legal standpoint.

So I read that the Live Nation/TM industrial complex owns 50 of the 60 amphitheaters in the US. If you are an artist too big for clubs and too small for arenas/stadiums you don't have other choices.

You have to enter long term contracts with Live Nation or you don't have an appropriate size venue to play at.

Even the 10 other sites have to play by TM's rules or they might get black listed and not be able to book artists.

Quote:

Originally Posted by Bearcat (Post 17529822)

You forgot the part about publicly giving away money to try to build up goodwill/feel better about himself.

Yeah people caught on by flying to Europe first class.. staying in a nice hotel and back cheaper than local Taylor swift tickets.

Quote:

Originally Posted by Bowser (Post 17528891)

Hell yes, about time.

This will have the most bipartisan support the country has seen in years.

Yep! On this we ALL agree. **** Ticketbastard. **** Jive Nation.

Or not.

Quote:

Originally Posted by Rain Man (Post 17528939)

Between the fees and the ticket costs themselves, I've pretty much been priced out of live events. They're simply not worth the cost of admission, no matter what the performance is.

Big EDM concert this weekend with lots of nudity and lasers. You in?

Quote:

Originally Posted by Jewish Rabbi (Post 17530241)

You forgot the part about publicly giving away money to try to build up goodwill/feel better about himself.

Wow, bit of a dick move there for a rabbi... (lehayim!)

Quote:

Originally Posted by Katipan (Post 17531645)

Big EDM concert this weekend with lots of nudity and lasers. You in?

.........I'm listening

Quote:

Originally Posted by Bowser (Post 17531775)

.........I'm listening

https://youtu.be/Qh-Kd4Yq8HU?si=URYIzeppnwzwmgN3

But not at Red Rocks

God my head already hurts.

Quote:

Originally Posted by Katipan (Post 17531784)

https://youtu.be/Qh-Kd4Yq8HU?si=URYIzeppnwzwmgN3

But not at Red Rocks

Good lawd. Sensory overload and WAY overproduced.

The swiftie rolodex is for sale.

Quote:

Ticketmaster hit by data hack that may affect 560m customers.

Ticketmaster has been targeted in a cyber-attack, with hackers allegedly offering to sell customer data on the dark web, its parent company, Live Nation, has confirmed.

The ShinyHunters hacking group is reportedly demanding about £400,000 in a ransom payment to prevent the data being sold.

The group reportedly has access to the names, addresses, phone numbers and partial payment details of 560 million of the site’s customers.

Quote:

Originally Posted by ghak99 (Post 17538180)

The swiftie rolodex is for sale.

"The group reportedly has access to the names, addresses, phone numbers and partial payment details of 560 million of the site’s customers."

You mean information like the phone book in the olden days?

What does "partial payment detail" mean? First 4 numbers of CC number?

Quote:

Originally Posted by Stewie (Post 17538228)

I'm not sure. A lot of the articles differ in how they list what info the hackers might actually have. I just grabbed what looked like a middle of the road explanation of what's going on. Either way, it could affect a lot of sports fans and concert goers and some articles make it appear the company might have taken its time letting LEO know about the breach.