Jury finds Live Nation, Ticketmaster holds an illegal monopoly
anybody else old enough to remember Pearl Jam testifying before congress on this? Just me? Ok... -sneaks off-
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Comments24https://thehill.com/policy/technology/5832964-live-nation-ticketmaster-monopoly/Open linkView original on reddthat.com
Again? Am I having a Mandela Effect moment or wasn't this decided decades ago to no meaningful change?
There was a settlement brokered by the US, but multiple States' Attorney's General (~30) said fuck that and went to trial. Jury ruled it's a monoply. So now it goes on to the "find out" stage. I don't think the jury or AGs will be playin'
I bet the jury awards
one trillion dollarsand then when they appeal the judge reduces it to $25 Kohl's cash.Edit: I did not know markdown could do that but ok
LOL - not available to spend for items already on sale. Expires May 5th.
You literally just reminded me about my expired kohls cash. What a shitty rewards program.
Could be like auto zone where all points expire after 90 days. Kohls is still worse somehow.
I thought there was something in the constitution about no one buggering a civil jury trial verdict. Am I right? (yes)
Ok so can something be actually be done about it please? We’ve had congressional inquiries about this and they’re still out there monopolizing the live entertainment industry.
The wheels of justice are slow, frustrating, and easily purchased.
Luigi for the CEO.
Seems like the most workable option would be splitting it up into eight components: 2 entities each for roughly a quarter of the country each.
Actually making that happen could take a while, though.
I mean, would two tickmasters really be better than one? We have a shit load of captive industries that have like "8 companies" and they just collude to fuck us.
I suppose another option would be to void all exclusive contracts they have with venues and artists and mandate that venues be able to sell tickets to all events held there directly without a ticket seller involved.
But the breakup I proposed would have two equally sized entities for a given region, so there would be built in competition, which would allow other ticket sellers to grow as well.
I do like that idea. And yeah, it would be better, I just don't know how much better. You don't see new oil companies popping up, media companies, etc.
I feel like this is just the end result of capitalism and it's always going to be. You can't just take take take take take and expect everything to continue to work.
Too bad they'll have to pay 5 cents for every billion they made while ruining the best thing about life.
I remember and I also heard people bitching about Pearl Jam’s activism. No one else remembers the second part though.
Or who listens to corporate media.
It was a couple years later that the telecommunications act of 1996 killed radio and enabled shit like ClearChannel and Cumulus to own most all of broadcast radio and all the DJs that remain are beholden to their corporate overlords and shareholders.
Just like Nexstar and Sinclair got all the TV stations, they bought the local newsanchors.
People who you may have been watching/listening to for years, now a puppet of the shareholders.
Seemingly every opinion they give on anything must be something that won't upset the shareholders.
And that's bad. That means they bought your trust. It's priceless. And you didn't get a dime.
Yeah, one of many Clinton era giveaways to the (at the time) nascent oligarch class.
I couldn’t believe that shit. Was easy to figure out who the morons were.
I remember. Hello fellow old.
I 'member
Jolene Blalock (T'Pol from Star Trek) is married to the Live Nation CEO. Another dream shattered.
Going off of recent history, this will change nothing.
In other breaking news: water wet. More to come so stay tuned folks!