Tag Archives: ‘Monopolistic’
Feds Sue to Destroy Up ‘Monopolistic’ Reside Nation After Taylor Swift Debacle
Top Stories Tamfitronics Reside Nation, the guardian firm of Ticketmaster, depends on “unlawful, anticompetitive habits,” Attorney Traditional Merrick Garland mentioned.PrintedCould perchance perchance additionally 23, 202412:12PM EDTChristine Olsson/ TT News Agency/thru Reuters The feds vowed Thursday to damage up music business behemoth Reside Nation after concert-goers were complaining for years about ridiculously high prices and most unlikely-to-rep tickets, most particularly with Taylor Swift’s fresh Eras tour.Attorney Traditional Merrick Garland announced that the Department of Justicealongside with 30 states, had filed an antitrust lawsuit alleging that Reside Nation, the guardian firm of Ticketmaster, “depends on unlawful, anticompetitive habits to bid its monopolistic control over the are living events business in the United States on the rate of fans, artists, smaller promoters, and venue operators.”“The end result is that fans pay extra in prices, artists...
