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How Live Nation is Devouring the Music Industry

Promoter’s consolidation raises prices and antitrust scrutiny.

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At the beginning of the year, we looked at how the Department of Justice accused Ticketmaster of potentially holding a monopoly on live music. This video examines the issue further by taking a detailed look at Ticketmaster’s parent company Live Nation, which earned $24 billion last year by having a hand in nearly every aspect of the live music industry. 

Questions:

  1. Why do independent operators see Live Nation as a threat to their businesses?
  2. Do you think Live Nation is a monopoly that should be broken up by federal regulators? Why or why not?
Author: NickelsMcHughMcHugh