South Korea's Fair Trade Commission orders 19 concert venues and ticket platforms including Seoul Arts Center and Interpark to revise unfair membership refund policies, allowing full refunds within 14-30 days and partial refunds after benefit usage, easing consumer financial burden
#YonhapInfomax #FairTradeCommission #MembershipRefunds #ConcertVenues #TicketPlatforms #ConsumerProtection #Economics #FinancialMarkets #Banking #Securities #Bonds #StockMarket https://en.infomaxai.com/news/articleView.html?idxno=119077
'Claim Refunds on Annual Fees for Concert Venue and Ticket Platform Paid Memberships'
South Korea's Fair Trade Commission orders 19 concert venues and ticket platforms including Seoul Arts Center and Interpark to revise unfair membership refund policies, allowing full refunds within 14-30 days and partial refunds after benefit usage, easing consumer financial burden
Live Nation has an illegal monopoly, according to legal case in New York. A jury found that their business practice within the business area for selling concert tickets is a monopoly.
Ticketmaster… | SUPERVIZION
Live Nation has an illegal monopoly, according to legal case in New York. A jury found that their business practice within the business area for selling concert tickets is a monopoly.
Ticketmaster is the name of this business area within the Live Nation corporation.
This verdict from the jury could have far reaching consequences also in Europe and elsewhere.
Those affected could be fans, concert venues, touring companies, concert promoters, music artists, and other ticket sales service companies.
The jury concluded that the company is monopolizing ticket sales to music concerts. Ticketmaster was found to overcharge customers for tickets in the USA.
Live Nation had used its market power and abused its position and had been able to absorb more money from that would otherwise been going to either concert venues or music fans.
This court case is not complete as of this writing. Possible verdicts include break-up of Live Nation and selling off Ticketmaster. Live Nation might also appeal, once the verdict is made.
Ticketmaster and Live Nation had monopoly on big concert venues, jury finds
The civil case, initially led by the U.S. federal government, accused Live Nation and its subsidiary Ticketmaster of using its reach to smother competition.
#Consumer #Entertainment #LiveNation #Ticketmaster https://globalnews.ca/news/11802920/ticketmaster-live-nation-monopoly/Ticketmaster and Live Nation had monopoly on big concert venues, jury finds
The civil case, initially led by the U.S. federal government, accused Live Nation and its subsidiary Ticketmaster of using its reach to smother competition.
#Consumer #Entertainment #LiveNation #Ticketmaster https://globalnews.ca/news/11802920/ticketmaster-live-nation-monopoly/
SERAPH Entertainment Venue Risk Management SERAPH Problem Solving
SERAPH Problem Solving investigations, probate fraud estate fraud bank accounts
SERAPH Entertainment Venue Risk Management SERAPH Problem Solving
SERAPH Problem Solving investigations, probate fraud estate fraud bank accounts
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