Ticketmaster

Ticketmaster is a subsidiary of Live Nation Entertainment Inc., a leading entertainment giant. Recently, a New York jury found Live Nation and Ticketmaster liable for systematically stifling competition to extract excessive profits from concertgoers. This verdict has significant implications for the music industry, with potential remedies including breaking up Live Nation and Ticketmaster. The company's dominance over big concert venues has also been called into question, with a federal jury finding that they had a harmful monopoly over these venues. Fans have also been affected by Ticketmaster's practices, with some being overcharged by $1.72 each due to the company's alleged monopoly power. The recent news highlights the need for greater regulation and competition in the ticketing industry.