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: Perfect competition
99-Year-Old Trucking Company Yellow Shuts Down
Yellow Corp., a 99-year-old trucking company that was once a dominant player in its field, halted operations Sunday, will lay off all 30,000 of its workers, and will file for bankruptcy. Yellow posted small profits in 2021 and 2022 and a $9.3 million loss in the first quarter of 2023.—cnn.com