Fans wait to go through security before Taylor Swift performs at Levi’s Stadium in Santa Clara, Calif. on July 28, 2023. The 2022 fiasco after there were a myriad of problems with fans trying to buy tickets for Swift’s massive …Will the Justice Department’s lawsuit against Ticketmaster and Live Nation give concertgoers, sports fan and theater patrons some relief from surging ticket prices?
The Justice Department on Thursday accused Live Nation of engaging in a slew of practices that have allowed it to maintain a stronghold over the live music scene. They accused it of using long-term contracts to keep venues from choosing rival ticketers, blocking venues from using multiple ticket sellers and threatening venues that they could lose money and fans if they don’t choose Ticketmaster.
Eleanor Fox, professor emeritus at the NYU School of Law, said the debacle of an entertainment giant appearing incapable of servicing an eager audience might have helped the Justice Department build its case by making the scale of Ticketmaster’s domination more apparent. Live Nation reported last month that worldwide ticket sales for the top 100 tours in 2023 jumped 46% compared with the previous year, bringing in $9.17 billion in sales. Attendance at Live Nation-produced events jumped 20% to a staggering 145 million last year.
The Justice Department’s lawsuit alleges that having a giant company like Live Nation Entertainment exacerbates markups since it controls so much of the market. “And especially if the judge orders a breakup, there’s going to be an appeal,” she added. “So you are looking at years.”
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