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☆ Ticketmaster has a total stranglehold on the live event industry. Here's how some states are trying to break that.
  + stars: | 2023-07-10 | by ( Madison Hall | ) www.businessinsider.com   time to read: +8 min
Rafael Henrique/SOPA Images/LightRocket via Getty ImagesA California legislator is trying to strike back at Live Nation Entertainment's grip on the live events space. It was actually the ticket-buying experience for a minor-league hockey game that could lead to a large legislative setback for Live Nation Entertainment. The extent of Live Nation Entertainment's graspIn June, the American Economic Liberties Project released a report detailing the extent of the stranglehold Live Nation Entertainment has on the live events industry. Brown explained to Insider that Live Nation Entertainment has been able to become so powerful in the industry as it's vertically integrated very effectively. Live Nation Entertainment is under federal pressureThe federal government is also cracking down on Ticketmaster's reign in the entertainment industry.
Persons: Rafael Henrique, California Sen, Scott Wilk, Sen, wasn't Taylor, Wilk, Pat Garafolo, Krista Brown, Brown, Joe Biden, Samuel Corum, Amy Klobuchar, Richard Blumenthal, Klobuchar, It's, Blumenthal Organizations: Getty, California State Senate, Service, Nation Entertainment, Ticketmaster, California Senate, American Economic Liberties, Entertainment, Department of Justice, DOJ, Federal Trade Commission, Live, New York Times, Live Nation Entertainment Locations: California, Wall, Silicon, United States, AFP, Minnesota
☆ New report shows Ticketmaster controls the vast majority of the live event business, and any promises of 'transparency' just mean they'll overcharge concertgoers more brazenly
  + stars: | 2023-06-17 | by ( Madison Hall | ) www.businessinsider.com   time to read: +6 min
Live Nation Entertainment announced new "transparent" pricing where it will display fees at the beginning of the transaction. While this has been on Biden's agenda for months, he hasn't addressed the grip Live Nation Entertainment has on the entertainment industry. Republican state Sen. Scott Wilk introduced a bill in early 2023 to ban exclusivity contracts in the ticketing industry. Ultimately, she said, it's up to the Department of Justice to investigate and potentially take action on Live Nation Entertainment. According to the New York Times, the DOJ opened an antitrust investigation into Live Nation Entertainment in late 2022.
Persons: hasn't, —, Biden, Krista Brown, Sen, Scott Wilk, Wilk, Brown Organizations: Nation Entertainment, Service, Ticketmaster, American Economic Liberties, Nation, Congress, Entertainment, California's State Senate, Department of Justice, New York Times, DOJ, Live Nation Entertainment Locations: United States, California's
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