rbreich ,
@rbreich@masto.ai avatar

Reminder that Live Nation/Ticketmaster is a monopoly, which is why it can get away with providing awful service, charging exorbitant prices, and tacking on fees as high as 75% of the ticket price.

It's a big deal that the DOJ is planning to file an antitrust lawsuit against it.

Itchy ,
@Itchy@mastodon.sdf.org avatar

@rbreich
Yay

jmax ,
@jmax@mastodon.social avatar

@rbreich They are? Best news of the week; thanks.

cswalker21 ,
@cswalker21@mastodon.online avatar

@rbreich today I learned that the CEO of Alterra Mountain Company, one of the two companies in the American ski resort operator duopoly, is the former CEO of TicketMaster. No wonder prices have been skyrocketing.

JamesAshburnerCBR ,

@rbreich Australian governments (state, & Commonwealth) have propped up-up LN-owned “Aussie” promoters & tours, unfortunately. Guaranteeing a multinational’s profits instead of assisting community-based events that build resilience and enhance social cohesion.

mattmaison ,
@mattmaison@mastodon.world avatar

@rbreich

Sure they will. The 90s would like a word.

WideEyedCurious ,
@WideEyedCurious@mstdn.social avatar

@rbreich Long overdue!

billseitz ,
@billseitz@toolsforthought.social avatar

@rbreich I believe that often the fees aren't kept by them, but that should be transparent/honest.

Runyan50 ,
@Runyan50@newsie.social avatar

@rbreich Capitalism is in its death throes.

Shantis ,
@Shantis@mstdn.social avatar

@rbreich perhaps you can help us understand, why the SEC approves these mergers to create monster monopolies in the first place?

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