Live Event Ticketing is Broken Because One Company Controls it All.
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Live Nation/Ticketmaster controls an estimated 80% of primary ticket sales in the US and 84% of ticketing for NBA, NFL and NHL teams.
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Top grossing arenas in US contract with Ticketmaster.
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Live Nation/Ticketmaster manages over 380 artists worldwide.
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Ticket prices are up over 140% since the Live Nation/Ticketmaster merger when accounting for inflation.
Who Controls It All?
It Pays to Be A Monopoly
Live Nation/Ticketmaster continued to rake in the dough in 2023. From its latest earnings call:
- Revenues were up a whopping 36%, to $22.7 billion.
- Boasts 2023 was its “biggest year ever.”
Big plans to price out average fans:
“We’re getting 20%, 30% returns … when we turn that grassy area into a VIP club,” CEO Rapino said, adding more money could be made by focusing on “premium experiences.”
EVP claims innocence on prices while CEO brags about profits...
![](https://empowerfansca.com/wp-content/uploads/2024/03/DanWall-9879-scaled-1-1024x755.jpeg)
It's "easy to blame Ticketmaster for high ticket prices, but that's not true."
Dan Wall
Executive Vice President Live Nation/Ticketmaster
![](https://empowerfansca.com/wp-content/uploads/2024/03/4523853bdacbf6d5df56052f6452cee9.jpeg)
"...we expect all our businesses to continue growing ... with our profitability compounding by double-digits over the next several years."
Michael Rapino
President and CEO Live Nation/Ticketmaster
Monopoly Behaving Badly
Years of record earnings and bullying tactics by Live Nation/Ticketmaster haven’t gone unnoticed.
![LiveTicketWide](https://empowerfansca.com/wp-content/uploads/2024/03/LiveTicketWide.jpeg)
2010
Merger Opposed Nationwide
50 members of the U.S. House and 19 state AGs raise alarms about creating a live event monopoly.
![24ticket-senate-03-mcbp-jumbo](https://empowerfansca.com/wp-content/uploads/2024/02/24ticket-senate-03-mcbp-jumbo-768x512.webp)
2019
US Dept. of Justice Finds LNE/TM Threatening Venues
DOJ finds that LNE/TM violated merger terms by pressuring venues into exclusive contracts.
![U.S](https://empowerfansca.com/wp-content/uploads/2024/03/iStock-962358918-768x534.jpg)
2022
Oops The Monopoly Did It Again
DOJ launches ongoing investigation into potential violation of antitrust laws by LNE/TM and their anti-competitive behavior.