Robert ReichJan 2, 2023

Live Nation and Ticketmaster were allowed to merge in 2010. The result?

They now control 70% of the primary ticketing and live event venues market.

They exploit all of us — and we simply have to take it.

Big mergers are terrible for everyone but super-rich CEOs.

Show threadShazbot Vaxxed
@rbreich Why did the Democratic Obama administration allow that merger to go through?
Jan 2, 2023 at 11:56pmWeb
Show threadMidRatSamJan 3, 2023
@equalitytime @rbreich at the time (12 years ago) the merger was intended to increase competition. Since then, mergers have occurred during both left and right administrations that created the Live Nation Entertainment/Ticket Master monopoly. In 2020 (under the Trump administration... wha?) a Saudi company purchased 5.7% of the entity, and is currently the largest stake holder.
Show threadBluePlanetRadioJan 3, 2023
@equalitytime @rbreich It started way before Obama. Check this well-reported history: https://prospect.org/power/ticketmasters-dark-history/#.Y7OXeQgqsgw.link
Ticketmaster’s Dark History

A 40-year saga of kickbacks, threats, political maneuvering, and the humiliation of Pearl Jam

The American Prospect