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Live Nation Antitrust Lawsuit Will Do Nothing to Lower Ticket Prices: Guest Post
Fans love to hate Ticketmaster, but their anger is misplaced, argues Larry Miller, director of Music Business at NYU Steinhardt in this guest post.
When the Obama administration approved the merger of Live Nation and Ticketmaster in 2010, regulators anticipated a more consolidated but efficient market resulting from the combination of the most successful concert promoter and the largest ticketing platform. I’ve researched how the democratization of music production and distribution carried the promise of reaching multitudes of eager fans at the touch of an upload button. To fix the live concert business, we need to be honest about the realities of supply and demand, help artists to secure a greater percentage of their income from touring, and regulate the secondary market.
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