The U.S. Department of Justice and 30 American states are suing Live Nation, the parent company of Ticketmaster, accusing it of illegally suppressing its competition. Eric Sorensen looks at the DOJ's argument, Live Nation's response, what it might mean for Canada, and how this legal battle could reshape the lucrative live entertainment industry.Selling a concert ticket should be easy.
What about the venue or facility fee? This money covers the costs incurred by the venue and to make a bit of a profit. These fees make it economically possible for a building to host a concert. No fees, no shows. Would you do all the necessary work for free?Having these fees separate from the face value of the concert ticket makes the act look good.
Did I mention that the artist has the ultimate sign-off on the price of tickets? I did? Just want to make sure.
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