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.
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.