Opinion: Scott Wilk: Break the Ticketmaster/Live Nation ticket monopoly
My first-ever concert experience was Elton John’s legendary 1975 performance at Dodger Stadium. And not to brag, but the whole thing only cost me $10. If you want to see today’s biggest acts $10 won’t even get you a water, and it probably won’t even begin to cover the extra fees tacked on to your ticket at checkout.
High-profile artists like Taylor Swift, Bad Bunny, The Cure and Beyoncé have all made headlines with stories of their fans being put through the wringer trying to get tickets to their shows. Those exclusivity clauses give venues access to Live Nation’s entertainment roster, as well as nice kickbacks. But to make up for the kickbacks, Live Nation ultimately rips off the consumer through Ticketmaster’s outrageously high service fees.
In addition to the U.S. Senate paying attention, the states of Tennessee, North Carolina and New York have explored antitrust investigations. Following New York’s investigation, the legislature there offered this solution: Ban exclusivity clauses in contracts between ticket sellers and venues.
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