DOJ Sues Ticketmaster, Live Nation Over Alleged Monopoly

Рет қаралды 17,356

Ай бұрын

Concert tickets should not cost more than rent - and the U.S. Department of Justice agrees 💸
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Пікірлер: 105

@MrBaltch Ай бұрын

Pearl Jam tried fighting Ticketmaster back in the 1990's, unfortunately no one cared.

@stuffthings9618 Ай бұрын

Now do the same for defense contractors who charge $10k for a bag of washers.

@Ratboy2004 Ай бұрын

But they are really good washers.

@stuffthings9618 Ай бұрын

@@Ratboy2004 :0

@leviqueen1504 28 күн бұрын

@@Ratboy2004yea theyre military grade (aka cheapest and quickest to make)

@ullmannone Ай бұрын

Bust monopolies to the dirt!

@jaredsouter4879 Ай бұрын

Yeah if only Pearl Jam had warned us 30 years ago

@reenapurdy3923 Ай бұрын

Aerosmith too lol

@THMILLER Ай бұрын

ABOUT TIME!!! They cannot do that over here in Europe. Regulations are a good thing 😮

@neojason8349 Ай бұрын

They will find some way to split Tickmaster up into 3 companies and they will all agree to not undercut one another, keeping prices high without actually being a monopoly

@evanhunt1374 Ай бұрын

There is literally no precedent for that so I'd say you exhibiting alarming amount of nialism that isn't ground in reality. The thing is this is unprecedented grounds and no one knows how this will end hold out hope and apply pressure however you can and maybe we will see real change.

@CCGem Ай бұрын

Yup. Needs to go 3 layers deeper or higher to de-org this type of monopoly. As usual, it's like a pile ants. You wreck the anthill, and they'll rework their home to whatever the environment is. 😊

@neojason8349 Ай бұрын

@@evanhunt1374 There are about 5 companies that control all media. The same can be said about Amazon and Walmart. These 2 companies dominate the consumers industry but because they compete with each other they arnt consider monopolies. It's the same with agriculture and energy. The point is companies have learned what size they need to be to dominate an industry without technically being considered a monopoly

@ThatonedudeCR12956 Ай бұрын

@@evanhunt1374 There is nothing BUT precedent for that. Have you heard of Apple? They were saved by monopoly suits against Microsoft. Now apple is essentially a monopoly. Probably half of the technology developed in the 90s and early 2000s only came on the market when Bell South (AT&T) was broken up due to their anticompetitive behavior. Verizon etc.? Most companies currently being charged with anticompetitive practices came about AFTER and as a direct result of a PREVIOUS corporation being broken up due to anti competitive practices

@evanhunt1374 Ай бұрын

@@neojason8349 yes 100% I agree with you on what a monopoly is and the fact that any large multi national company is most likely part of is a monopoly. How ever these lawsuits have the power to inact some real change. This type of situation has never happened before don't count it out before it happens is all I'm saying.

@CCGem Ай бұрын

Thank God. This is awful. 2 tickets to Imagine Dragons in a less than great venue is $900.00. In Dallas. Come on. I remember in 1990, 5 of us gals slept inline outside Ticketmaster over night in crappy part of Dallas to get tickets to Madonna. Then 10 min before it opened, a sleu of trucks with 10s of homeless people were dumped off in the line with us. Then Ticket Disaster made us take lottery numbers to renumber the cue. So guess who got numbers 1-20 in the cue and bought the floor and all good seats? Tickmaster and LiveNation are the Mafia scalpers of live events.

@pollynicklas5220 Ай бұрын

I went to many many concerts during the eighties. Prices ranged from $12 to $15 at the time and people could actually afford to see all those shows and really enjoy themselves, free of cell phone illumination and distraction. I know many of you don't agree that cell phones are a distraction but a necessity right now. They are a convenience at the most!

@marksmith-jn6qw Ай бұрын

Only took them 40 years to look.

@siranimcneill7589 Ай бұрын

Not kidding that they are honestly a corrupt organisation

@robertstull8759 8 күн бұрын

They're not technically corrupt because this is capitalism working as intended. This is the ethical standard, not a deviation of it.

@Thegentechgamer Ай бұрын

They wouldn't cost so much if ppl weren't buying them at that price

@oculent8979 Ай бұрын

Freezer temperature iq take

@Ratboy2004 Ай бұрын

Thank you. SMH. Blame is easier as they hand over $500 a ticket.

@oculent8979 Ай бұрын

@@Ratboy2004 yeah bro, why even have antitrust laws? It's the consumer's fault for buying a product that's controlled by a single monopolised supplier for whatever that supplier decides

@kittyei9 28 күн бұрын

@@Ratboy2004 monopoly works that way. people don't just give up happiness because it's expensive, they will just begrudgingly pay that much for the tickets cause they're told that's the normal price. people do not pick the prices, corporations do, and if they literally have no other option they just simply will. which is why monopoly is illegal. it essentially stops all growth in industries and effects other aspects of the economy. if people are wasting that much money on their happiness, which they will do because American life is depressing, they won't have as much for anything else. people have literally wasted so much money that the government could've squeezed out of them on concert tickets.

@ParadiseDB7 28 күн бұрын

Not how that works bud

@seaninness334 Ай бұрын

It's only been a disaster for decades....

@reenapurdy3923 Ай бұрын

Corporate greed at its ridiculous best

@MRtwister88 Ай бұрын

This exact problem was being discussed when they were joining each other years ago!! Who would have thought that the company that puts on most of the shows teaming up with the company that sells most of the tickets would lead to market manipulation? Literally everybody and it happened literally exactly how it was predicted!!

@robertstull8759 8 күн бұрын

But they told us that prices would go down... how were regulators to know that they were being lied to?

@lv67890 Ай бұрын

It’s almost like capitalism doesn’t give us the best results.

@G0OD1004 Ай бұрын

Capitalism is competition. Please, learn basic economics about price elasticity.

@robertstull8759 8 күн бұрын

@@G0OD1004 Elasticity has no place in this discussion because of an introduction of a monopoly/oligopoly. Please learn more than the basics of economics about price elasticity.

@G0OD1004 5 күн бұрын

@@robertstull8759 Lol, ever heard of "availability of substitute goods?" I guess you haven't.

@robertstull8759 4 күн бұрын

@@G0OD1004 Except there are not substitute goods in this case because there's a monopoly over 80% of concerts tickets.

@bkgksan9798 Ай бұрын

Happy to report that I didn’t contribute a penny to their profits! 😂😂😂

@callers420 25 күн бұрын

Well that’s not really an accomplishment, given you can’t afford tickets to begin with… 🤔

@truejim Ай бұрын

For context, being a monopoly is not illegal. Abusing your position as a monopoly is illegal. Like, if you’re using your dominant position in the market to make it impossible for other companies to compete, that’s the thing that’s illegal.

@shesails25 Ай бұрын

That's the main reason I haven't been to a concert in many years!

@jordanmcgrory2171 Ай бұрын

The smartest thing here is that DOJ filed for jury trial. Provided they get 12 Americans who have been to a live event in the past 10 years, this is basically a slam dunk.

@davidhaynes3126 Ай бұрын

This is just one of the reasons I stopped going to big ticket concerts

@Snow248. Ай бұрын

They’ve been too busy monitoring twitter to notice monopolies.

@GordonPortice-py5zt Ай бұрын

Mega companies.🤣🤣.

@hojokono 28 күн бұрын

i got charged 50% of the ticket price in fees... ya they also have a monopoly so the artist cant even go anywhere else for their conterts...

@greenmissy Ай бұрын

I'm glad! Shows like even Bluey Live are becoming elitist bc only the rich can afford them! I wanted to take my kids and it was $500 just for the tickets! That doesn't account for gas, parking, and on site expenses like drinks and the begging for souvenirs. Let alone most places SELL fancy show programs. You don't just get one despite spending so much. Breaks my heart.

@amandalewis2415 28 күн бұрын

I’m so sick of being so broke every thing is soo expensive

@alphamuplays1669 Ай бұрын

The dumbest part is that 1 its been allowed for years and 2 people actually bought them

@shannasalvatore2631 Ай бұрын

Or how about ticket master not allow crazy prices for resale tickets since that’s actually why the tickets have become ridiculously expensive.

@robertstull8759 8 күн бұрын

That's barely one of the reasons... not "the" reason

@samuraijack1371 Ай бұрын

How about just going to these live events. They are just overrated. Imagine spending money, driving to the venue, sitting in traffic, paying way too much in parking, walking thru crowd, waiting in line to get in,concession stands and restrooms, paying for over priced food, and then watching a dot of a figure perform some stale stuff cause the seat you chose was too far away! Vs get a 75inch tv and some nice speakers and play anyone anytime from comfort of your home

@tiffeniebright3367 Ай бұрын

bruh, Pearl Jam blew this whistle in the 90's...

@curiouscurious6558 Ай бұрын

I dont know if its possible to buy a concert ticket without including ticket master

@terencew7716 Ай бұрын

What is wrong with Live Nation??

@HippiePirates Ай бұрын

Pearl Jam was fighting with them about this in the 90s. The DOJ must want to go to a Taylor Swift concert so they are finally looking at addressing it. They ain’t doing it for the artists or fans.

@G0OD1004 Ай бұрын

Taylor Swift is a billionaire and I don't see her complaining about ticket master...

@cyclon74 Ай бұрын

Ticket Master has been doing this for thirty+ years. Pearl Jam took them on in the nineties...and lost. Welcome to late-stage capitalism.

@goosergone143 Ай бұрын

It’s an example of a good thing this administration is doing that helps the people of the country. Trump would probably make it easier for illegal monopolies

@Ratboy2004 Ай бұрын

No. Please please learn about supply and demand. People PAY $5000 for the ticket. If we refused to pay unless the price was $50 then...what do you think would happen? Ticket master is responding to the market. And then ask...how much is the artist making because despite the prices and the artists apparent disdain, they still go on stage. .😅

@mlgraney60 Ай бұрын

Great content! Thank you.

@carlsonbench1827 Ай бұрын

Just don’t go

@MrJohnathanRebel Ай бұрын

Great story, little fella

@MrIdontknowww Ай бұрын

If tickets for amusement are being bought by someone for the price of a rent payment, the problem is not the price, it's the problem with stupid people who would pay that much

@sunnysidewalks4650 28 күн бұрын

Not justifying outrageous prices for tickets but you started with a comparison with rents. Rents are necessary expenditure, concerts are not. You have a choice not to go to these concerts

@robertstull8759 8 күн бұрын

Dig a little deeper. She's setting a context that, according to economists, rent is supposed to be your largest single expense and that the "normal" expenditure on rent is supposed to be 1/3 of your income. So, how is it then, that a basic commodity (not a luxury) is regularly competing with that cost?

@ahmedsheikh8520 Ай бұрын

why bother if something is costing more than rent, stop ranting, simply don't buy it.

@vultureculture7707 Ай бұрын

The point is that it's not supposed to. Monopolies are not only unethical, but largely illegal in the US.

@ahmedsheikh8520 Ай бұрын

@@vultureculture7707 tech, oil, financial and construction companies have monopolies, they show complete disregard for law and morality of their actions. Laws, ethics and morality are seen to be applied at smaller business and where general public is involved. Giants of wealth and big business don't bother about what is in law and what is ethical.

@parasapan Ай бұрын

My doctor has proscribed me going to concerts.

@ahmedsheikh8520 Ай бұрын

@@parasapan you and your doctor should get yourselfves checked out.

@ahmedsheikh8520 Ай бұрын

@@vultureculture7707 big businesses and corporate giants show complete disregard of what is ethical and lawful when it comes to monopolies. Laws and moral practices are expected to be observed by Public and smaller businesses.

@dark14life Ай бұрын

I haven't been to a concert or anything since 1998 because Ticketmaster is scum. I've missed so much that I'll never be able to experience. F*ck Ticketmaster.

@billhanna2148 Ай бұрын

One of MANY OTHERS

@impeccablebybirth Ай бұрын

I love that this is now a thing because of Taylor Swift. Some senators daughter couldn’t get tickets and the world is changing However it got started I hope it’s gets done

@pinkcheckers 19 күн бұрын

Only for the rich

@timgreer1487 Ай бұрын

why doesn't everyone stay home! Just don't go. Prices would drop like a rock. A concert is not a life essential.

@user-gg6ke5ul4f Ай бұрын

What a sad life

@gerardmeyer2118 Ай бұрын

Taylor Swift is already super rich, but it seems that her greed is unmatched.

@Ratboy2004 Ай бұрын

That's the question...do artists get set fee per ticket or a % 😅😅

@Waterbaby11 Ай бұрын

The problem is if tickets are sold cheap ppl buy them up and turn around and scalp them for more. I wonder if they figured out a way for that not to happen

@Alexadria205 Ай бұрын

Simply make them non-transferable with the name of the ticketholder printed on the ticket.

@ryctohernadez9135 Ай бұрын

Only in america people complain about the prices of a performer they love so much

@acekai Ай бұрын

Yup. Biggest issue our nation is facing right now. Taylor Swift concert tickets.

@Abbabcdefghijklmono Ай бұрын

It has nothing to do with Taylor Swift it’s about companies having monopolies and engaging in anti competitive behaviour. Whether that is concert tickets, or grocery stores, or gas companies are getting bigger and bigger, colluding to maintain artificially high prices, and bullying out competition which leads to price gouging.

@Umbrage0 Ай бұрын

"I dont understand systemic problems and that means im right" Whatever, skippy