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Search resuls for: "Berchtold"


2 mentions found


☆ Ticketmaster meltdown for Taylor Swift tickets sparks outrage
  + stars: | 2022-11-16 | by ( Chris Isidore | ) edition.cnn.com   time to read: +4 min
The Justice Department and many state attorneys general have made similar complaints over the years. The Justice Department and states allowed the Live Nation Ticketmaster merger to go through despite a 2010 court filing in the case raising objections to the merger. In the filing, the Justice Department said that Ticketmaster’s share among major concert venues exceeded 80%. Past efforts to rein in Ticketmaster control over the ticket market have failed. The Justice Department and the states gave approval of to the Live Nation-Ticketmaster combination, but did call for some oversight.
☆ Why Taylor Swift, Bruce Springsteen tickets will be more expensive and tougher to get
  + stars: | 2022-11-13 | by ( Ian Thomas | ) www.cnbc.com   time to read: +3 min
When those tickets go on sale later in the week, it'll likely be minutes before they all sell out. Joe Berchtold, Live Nation president and chief financial officer, said on the company's third-quarter earnings call with analysts on Nov. 4 that "this is structurally a level of spend that we're seeing from the consumer now." And we're seeing a relatively strong inelasticity on the demand for those best tickets," he said. Berchtold said that Live Nation's outlook for stadium tours next year – boosted by Swift – will be "far and away the largest stadium we've ever had." That means there will likely be no end to the high demand for tickets.
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