Potential excellent news for Swifties! Pleased to help the artist however really feel like ticket costs are somewhat inflated? You’ll be completely satisfied to know that the DOJ is concentrating on LiveNation and its subsidiary Ticketmaster, alleging anti-competitive pricing. Bloomberg Law has protection:
Prime antitrust litigators from Latham & Watkins and Cravath, Swaine & Moore will lead Stay Nation Leisure Inc.’s protection towards a brand new Justice Division swimsuit to interrupt up the huge firm.
Stay Nation has tapped legal professionals on the corporations to combat the swimsuit by DOJ and a bunch of states, in line with two sources conversant in the scenario. The swimsuit, filed Thursday in a Manhattan federal court docket, challenges Ticketmaster’s management of live performance ticket gross sales.
“I believe this criticism represents an necessary step towards injecting lengthy wanted competitors into the stay leisure business,” mentioned Kathleen Bradish, vice chairman and director of authorized advocacy on the American Antitrust Institute.
If injecting long-needed competitors leads to decrease value to shoppers, a powerful “hell yeah” is so as. Merrick Garland shares that sentiment in his personal particular method:
No extra being overcharged for Lauryn Hill tickets! The ticket being overpriced as a result of she didn’t trouble to indicate up on time isn’t an antitrust challenge as much as a personal quirk, however possibly individuals wouldn’t be as indignant if the price of entry wasn’t as excessive!
The end result of this case is more likely to set the tone for any of the C-Suite of us in ticket gross sales — the DOJ is aiming for full divestiture of Ticketmaster. Let’s hope this doesn’t grow to be one other Normal with all of the ensuing subsidiaries simply making Stay Nation additional cash.
Live Nation Turns to Latham, Cravath Litigators to Fight DOJ (2) [Bloomberg Law]
Chris Williams grew to become a social media supervisor and assistant editor for Above the Legislation in June 2021. Previous to becoming a member of the employees, he moonlighted as a minor Memelord™ within the Fb group Law School Memes for Edgy T14s. He endured Missouri lengthy sufficient to graduate from Washington College in St. Louis College of Legislation. He’s a former boatbuilder who can’t swim, a published author on critical race theory, philosophy, and humor, and has a love for biking that often annoys his friends. You’ll be able to attain him by e mail at cwilliams@abovethelaw.com and by tweet at @WritesForRent.
