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