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DOJ And FTC Take Public Comments In Inquiry Of Live Concert Ticketing Market
The agencies are following an executive order from Donald Trump.
Donald Trump signed an executive order in March, ombating Unfair Practices in the Live Entertainment Market, that directed that the DOJ and the FTC ensured “that competition laws are appropriately enforced in the concert and entertainment industry.” The executive order also directed the FTC to ensure enforcement of the Better Online Tickets Sales Act, which restricts the resale of tickets that were purchased via bots. “We will continue to closely examine this market and look for opportunities where vigorous enforcement of the antitrust laws can lead to increased competition that makes tickets more affordable for fans while offering fairer compensation for artists.” In response, Live Nation issued called the lawsuit allegations “baseless” and said, “Calling Ticketmaster a monopoly may be a PR win for the DOJ in the short term, but it will lose in court because it ignores the basic economics of live entertainment, such as the fact that the bulk of service fees go to venues, and that competition has steadily eroded Ticketmaster’s market share and profit margin.”
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