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TicketNetwork Targets Resale Conditions in DOJ’s Live Nation-Ticketmaster Settlement
Home » TicketNetwork Targets Resale Conditions in DOJ’s Live Nation-Ticketmaster Settlement
TicketNetwork is urging a federal court to strengthen the Justice Department’s proposed Live Nation-Ticketmaster antitrust settlement, targeting provisions that could make a rival’s access to new primary-ticketing opportunities depend partly on how it operates its separate resale business.
In Tunney Act comments submitted Sept. 4, TicketNetwork argues that the settlement takes an important step by recognizing that Ticketmaster’s consumer-facing marketplace can be separated from the back-end technology that creates, manages and validates tickets. But the company says the proposed rules could still leave Ticketmaster controlling which competitors can use that infrastructure and under what conditions.
The Biz: Objections Roll In As Judge Reviews LN Settlement; UMG Wraps Buyback
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The public comment period for the settlement between Live Nation and the Department of Justice closed Sept. 4 and there was a last-minute flurry of objections to the deal from Live Nation and Ticketmaster competitors and long-time opponents.
The public comment period is required by the Tunney Act, the Nixon-era legislation designed to give judicial oversight to antitrust settlements and prevent corruption. Under that law, U.S. District Judge Arun Subrmanian must approve the agreement. He has said he’s likely to make his decision on the settlement between mid-September and mid-October.
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NIVA Calls for Ticketmaster Breakup, 50% Cap on Live Nation Tour Control
Home » NIVA Calls for Ticketmaster Breakup, 50% Cap on Live Nation Tour Control
The National Independent Venue Association is urging a federal court to reject the Justice Department’s proposed Live Nation settlement unless it is substantially rewritten to include structural remedies, including a breakup of Live Nation and Ticketmaster and a new rule barring Live Nation from promoting more than half of any major artist’s U.S. tour.
NIVA’s formal Tunney Act comments, submitted Sept. 4, go considerably further than simply criticizing the behavioral restrictions negotiated between Live Nation and the Justice Department. The independent venue trade group argues that meaningful competition cannot return without attacking Live Nation’s control over entire tours, separating Ticketmaster from the concert promoter, divesting Live Nation-controlled artist management businesses and directing financial relief toward independent stages harmed by the company’s market power.
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