The Justice Department alleges that Live Nation suffocates competition in ticket promotion and venues, which drives up Ticketmaster prices.—ft.com, May 23, 2024 A $100 ticket is split between the artist $90 and the promotor $10. The $25 ticket is split between Ticketmaster $5 and the Venue $20
Tag: Oligopoly
Consumer Advocates Want the DOJ To Move Against JetBlue-Spirit Merger
The Justice Department will decide soon whether to block the JetBlue-Spirit Airlines merger. Consumer advocates say it would reduce competition in the air travel market, leading to fewer choices for travelers and higher fares. The airlines argue the merger will be good for competition, and bring lower fares.—npr.org