Today’s lawsuit has given credibility to what fans, artists, and independent stages have believed for years: Live Nation and Ticketmaster exploit their dominance not just in concert promotion and primary ticketing, but in the resale market as well. The FTC and seven states now allege that the same company that controls nearly 80% of major concert ticketing has been enabling scalpers to game Ticketmaster’s system, reselling tickets back to fans at massive markups.
This is not just bad business; it is deception and abuse of monopoly power. By turning a blind eye to scalpers, even giving them the tools to bypass limits and harvest tickets, Live Nation has acted as the promoter, the primary ticket seller, the artists’ manager, and the scalper.
Independent venues and promoters are on the frontlines of this broken system, and it is fans and artists who ultimately pay the price. We applaud the FTC for bringing this case. It further bolsters the U.S. Department of Justice and 40 state attorneys general antitrust case against Live Nation.
We now urge Congress, the Administration, and state legislatures to stand with consumers by banning speculative tickets (tickets the scalper does not have), prohibiting deceptive resale sites, and capping resale prices and fees. Predatory resellers—including Live Nation itself—should no longer be allowed to gouge and deceive fans under the guise of access to live music.
Source: RSS: News.
Leave a Reply