If Mark Cuban has the resources to take on the drug industry by creating a service to get reasonably priced medicine, can we ask him to make a new TicketMaster that doesn’t rip everyone off?
A competing service in the non-Livenation venues would be enough to take a chunk of a Ticketmaster’s bottom line and force them to compete again, something they haven’t had to do in a while.
If Mark Cuban has the resources to take on the drug industry by creating a service to get reasonably priced medicine, can we ask him to make a new TicketMaster that doesn’t rip everyone off?
Won’t work. Livenation owns the majority of the major venues in the US.
You’re saying you can’t make a new ticketmaster because first you’d need to make a new livenation and buy out the venues first…?
That doesn’t mean it won’t work. That just means you’d need to make a new livenation and buy out the venues first.
A competing service in the non-Livenation venues would be enough to take a chunk of a Ticketmaster’s bottom line and force them to compete again, something they haven’t had to do in a while.
Not really. Big acts want big venues. Live Nation owns those or has exclusivity agreements with them. It is very much a monopoly.
Sounds like a pretty clear cut antitrust issue