The US Justice Department and a group of states will sue Live Nation Entertainment Inc. for antitrust violations related to Ticketmaster’s unrivaled control of concert ticket sales, according to people familiar with the case.
It’s literally the same breakup that happened with movie studios owning theaters in 1948. It’s emblematic of the state of antitrust in the past decades that we’ve let another industry get away with the exact same issue thing.
The streaming vertical integration really irks me. Say what you will about the music industry, but at least I only have to pay for ONE streaming platform to enjoy pretty much any song I want.
It’s literally the same breakup that happened with movie studios owning theaters in 1948. It’s emblematic of the state of antitrust in the past decades that we’ve let another industry get away with the exact same issue thing.
https://en.wikipedia.org/wiki/United_States_v._Paramount_Pictures,_Inc.
Yup. Concert venues and streaming are in the same position movie theaters were in back then.
The streaming vertical integration really irks me. Say what you will about the music industry, but at least I only have to pay for ONE streaming platform to enjoy pretty much any song I want.