Linus Tech Tips Discussion

 Ticketmaster, Live Nation are an illegal monopoly, U.S. jury rules     Summary  A jury found Wednesday that entertainment giant Live Nation, which hosts tens of thousands of concerts a year, and its Ticketmaster subsidiary had a harmful monopoly over big venues. The ruling in a lawsuit brought by dozens of states won’t immediately bring relief for concertgoers who have long complained about high ticket prices. But it could cost Live Nation hundreds of millions of dollars and perhaps force the company to sell some of its concert venues when the judge hands out penalties later.   Quotes Quote Among other things, the jury found Ticketmaster’s anticompetitive practices led to people in 22 states paying an extra $1.72 per ticket, which the judge could order the companies to pay back. A jury in New York deliberated for four days before reaching its decision. State attorneys general who sued Live Nation said the verdict could potentially lead to lower ticket prices for music fans. Live Nation said in a statement that the verdict “is not the last word on this matter.” The company predicted that once a remedy phase of the litigation is completed before the judge and all appeals are resolved, the outcome likely won’t be much different from what the federal government achieved with a settlement it reached with the company just after the trial began.   My thoughts Honestly I don't think anything is going to change, because if they are order lower ticket prices they just up the Convenance fee that is attached to all Digital Sold tickets. Will the main Ticket cost decrease... Possibly, but they just add the $2 to the Digital Convenance fee that I mentioned.    Sources https://www.ctvnews.ca/world/article/us-jury-finds-that-ticketmaster-live-nation-had-anticompetitive-monopoly-over-big-concert-venues/