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.
Vertical integration will always lead to monopolies…
We need regulations to keep shit divided, or else on giant corp that controls all aspects of a field is inevitable. And then larger super corps start gobbling them up too.
Leading to just a single giant corporation controlling everything
That’s a core feature of capitalism, I don’t think it can be regulated away.
Regulating is like suing someone…
Anyone can do anything.
We can’t afford the time to debate if we “can” do some, we need to fucking do it. Just keep fixing shit as fast as possible, and then if we have to fight something in court, we fight it in court.
That was what got fucked up with Biden, he wanted to act like a prosecutor and only try something if it was a 99.999% chance of working.
We need a “shotgun approach” like trump is doing. Just do as much as we can while we can. If half of it fails, we still got the other half.
If we spend all our time making one thing bulletproof, we get nothing if the clock runs up and best case scenario 1 or 2 hyper specific and means tested things.
So fuck it.
Play the game we have.
To me, that’s like saying “we have to fix windows”, or “we have to fix slavery”. No. Those are bad systems, beyond repair. They need to be burnt down to the ground.
That’s like a house needing new wallpaper so you burn it down…
You have no idea how much more resources and time it would take to replace the entire house.
Like, conceptually it feels like you think it’s flipping a switch.
And I don’t have time to explain everything right now.
It’s not just new wallpaper though, that’s making light of capitalism’s problems.
tbh… idgaf about how much time or money it takes, they are already taking all our time AND money anyways…
It takes our time and money…
Meanwhile we don’t have any house to live in.
Like, at least go argue that we should build a new house, then burn down our current shack.
What’s with these headlines? This is already the third article pretending that something has changed: Live Nation still has a monopoly and, of course, isn’t going to change its business practices.
This ruling doesn’t change a thing.
The bottom line is this:
… 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.
In a country like the U.S., where the legal system is rotten to the core, that will never happen. The behemoth won’t be taken down; instead, there will be a ridiculously small fine that bears no relation to the profits Live Nation makes by having no competition whatsoever.
Even if the judge were brave enough to order the breakup of this cartel, a small “donation” to the criminals in the White House would be enough to sweep the matter under the rug.
Headlines like these suggest that there is a chance for justice in the U.S. system - but that is simply not the case. It is always and exclusively the billionaires who win. That’s as sure as death and taxes.
Have, not had
Good… now fine them 50% of their revenue since the monopoly started, jail the CEOs and break up the monopoly
50%? Why so low?
Right?! Such a perfect example of how rent-seeking and exploitative every goddamn thing in the US has become.
Everyone and their mom knows what TicketMaster is up to, even the most politically disconnected folks understand “yeah they control it all and get to charge whatever they want, prices are insane and that’s why”.
And our court system says “yeah guys you were right that’s totally what was happening! Nice job” and that’s it. Every fucking time. Maybe a check for $3.12 or some bullshit a few years after you forgot there was even any suit.
After months of expensive litigation. Whole country is a goddamn scam. Financial (and worse…) predators run fucking everything.
Duh, now do something about it.
