Joe Biden Just Did Something Huge About Ticketmaster Ruining Our Lives
The Justice Department on Thursday filed a massive antitrust lawsuit against Ticketmaster and its parent company, Live Nation, accusing them of holding an illegal monopoly on live event tickets and driving up prices.
The suit comes after Ticketmaster crashed and prevented people from purchasing tickets to Taylor Swift’s Eras Tour—inadvertently exposing the ticketing giant’s monopoly on the shows—and argues that Ticketmaster acted like a Mafia don for venues and artists alike by requiring lengthy exclusive contracts, threatening lost revenue if they use other ticket sellers, and preventing artists who don’t use Live Nation services from performing at venues with Live Nation contracts.
Attorneys general from 30 states filed the lawsuit in federal court in Manhattan on Wednesday, overseen by U.S. attorney general Merrick Garland, who released a statement announcing the lawsuit:
We allege that Live Nation relies on unlawful, anticompetitive conduct to exercise its monopolistic control over the live events industry in the United States at the cost of fans, artists, smaller promoters, and venue operators. The result is that fans pay more in fees, artists have fewer opportunities to play concerts, smaller promoters get squeezed out, and venues have fewer real choices for ticketing services. It is time to break up Live Nation-Ticketmaster.
Dan Wall, Live Nation’s executive vice president for corporate and regulatory affairs, refuted the suit’s premise, arguing Live Nation’s revenue has declined due to competition and that the suit will have no impact on ticket prices. He included a graph to belay his point, showing the ticket retailer’s revenue significantly lower than that of tech giants Apple, Meta, and Google.
“It was evident in our discussions with the DOJ Front Office that they just did not want to believe the numbers. The data conflicted too much with their preconception that Live Nation belongs in the ranks of the other “tech monopolists” they have targeted,” Wall wrote. “It is also clear that we are another casualty of this Administration’s decision to turn over antitrust enforcement to a populist urge that simply rejects how antitrust law works.”
The Justice Department allowed Live Nation and Ticketmaster to merge in 2010 despite bipartisan opposition to it—so long as they didn’t retaliate against venues for using other vendors for 10 years. A 2019 department investigation found Live Nation repeatedly violated that agreement.
