Live Nation Entertainment was accused by political leaders of engaging in anti-competitive behavior. They proposed changes to the global concert business and that they will benefit those who are unable to afford tickets for top performers like Taylor Swift.
Artists should have more power over elected officials ticket sales and limit scalper activity, management of the the world’s largest concert Promoter stated Thursday, in a statement that was included with year-end financial results.
According to the company, artists must be allowed to choose how and by who they can be resold. The entire industry should be able to do this. ticket Sellers should be more transparent about the price and fees of tickets.
Live Nation suggested the modifications the day after it announced record sales sales Amount of $16.7 Billion for 2022 is more than twice the amount of 2021 and 44% higher than 2019 (the last year normal before Covid-19). The company has The pandemic resulted in strong numbers, taking advantage the soaring market. for in-person experiences.
However, high prices are still paid to see Bruce Springsteen or a computer meltdown. sales Taylor Swift Tickets have upset fans, leading politicians to demand that they be replaced for Industry reform
Live Nation is a platform for artists and their competitors has abused its power as the world’s top concert Promoter and Top ticket Through its ownership of Ticketmaster, the seller. The consent decree that the company used to operate from the time it bought Ticketmaster is now being investigated by US Justice Department.
Live Nation, along with its allies, has reacted to the criticisms and dismissed politicians for being ignorant of their business. They accuse resellers and scalpers of taking over primary sales channels like Ticketmaster.
At a Wednesday panel hosted by Pollstar, country star Garth Brooks demanded that the government ban scalping.
Irving Azoff is the greatest artist manager in the business. Brooks was a former Justice Department lawyer Makan Derahman and James Dolan who own Madison Square Garden moderated.
Live Nation doesn’t want to ban scalpers, but wants to limit their ability take advance orders for Tickets are not available for shows that were sold before the tickets went on sale. Also known as for The expansion of BOTS (Better Online Tickets Sales) will help to stop computer programs from sabotaging tickets.
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