Any of us who love live music hate the monopolies that make a fortune off it (I’m looking at you, Ticketmaster!) and make it unaffordable for us.
Biden and Harris did something about that.
As Vox told us last May: The Biden administration is actually doing something about ludicrously expensive concert tickets
[Two years ago,] the Department of Justice opened an investigation of Ticketmaster’s parent company, Live Nation Entertainment. On Thursday, it filed a lawsuit seeking to break up Live Nation, accusing it of operating an illegal monopoly through anticompetitive behavior that has harmed everyone from consumers to venues to artists.
"It is time to break it up," Attorney General Merrick Garland said in a press conference Thursday.
The lawsuit claims that Live Nation controls about 60 percent of the market for concert promotions and manages more than 400 artists. Through Ticketmaster, it also controls about 70 percent of the market for ticketing and live events and more than 80 percent of major concert primary ticketing.
"Artists and fans as well as the countless people and other services that support them suffer from the loss of dynamism and growth that competition would inevitably usher in," the complaint in New York federal court states.
And CNN reported in June: Live Nation and Ticketmaster will allow consumers to see all fees up front
President Joe Biden announced from a White House roundtable on Thursday that entertainment giant Live Nation (LYV) and ticketing behemoth Ticketmaster have pledged to give US consumers the ability to see the full price of tickets up front, minimizing the frequently frustrating experience of watching additional fees add up late in the checkout process when buying online.
The announcement came amid increased pressure on the industry from debacles over exorbitant ticketing fees and as the president has urged Congress to pass legislation targeting other hidden costs paid by consumers throughout the economy. It marked Biden’s latest effort to address kitchen-table issues as economic concerns remain top of mind for voters heading into the 2024 election.
“The solution is what is called ‘all-in pricing’ and that’s where companies fully disclose their fees up front, when you start shopping, so you’re not surprised at the end when you check out,” Biden said at the White House event.
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