U.S. government going after Ticketmaster for monopolizing the marketplace for event tickets
Finally, this ridiculous monopoly that Ticketmaster holds over concert tickets in the U.S. and Canada may be coming to an end. The U.S. Dept. of Justice is suing to break up Live Nation, which owns Ticketmaster.
Article excerpt: "Canadians are hopeful that a U.S. lawsuit against concert promoter Live Nation will provide some relief to cash-strapped fans and musicians.
The U.S. Justice Department (DOJ) and a group of 30 states and the District of Columbia on Thursday sued to break up Live Nation, arguing the big concert promoter and its Ticketmaster unit illegally inflated concert ticket prices and hurt artists.
'It is time to break up Live Nation,' said U.S. Attorney General Merrick Garland.
Shae Harding, a Taylor Swift fan and mom of two in Langley, B.C., says she couldn't get through the Ticketmaster website to get tickets to the Vancouver concert for herself and her two daughters when they went on sale in November, calling the situation 'kind of a nightmare.'
Thousands of Swifties were left in a similar position, and tickets were quickly posted for resale at exorbitant prices, some exceeding $26,000.
Harding eventually got tickets through a friend at face value, which was $175 apiece for nosebleeds.
'Something has to be done to stop this, because it's just going to kill concerts. I mean, I've seen tickets go for thousands, tens of thousands of dollars for one ticket and that's insane to me. That's just not right,' she told CBC Thursday.
Harding said she is thankful for her friend getting the tickets, but will forever have a sour taste in her mouth when it comes to Ticketmaster."
If you've ever tried to buy tickets to popular concerts, the experience can be heartbreaking. A huge number of tickets are snatched up by re-sellers who have no intention of attending the concert, and whose only goal is to make a buck by trying to squeeze desperate fans out of their hard-earned money. My own experience at a local concert saw the two seats in front of me go for triple what I paid because they were desperate to see the singer and virtual scalpers had bought so many seats.
It will be a good day when this monopoly is broken up!
Read: U.S. suing Ticketmaster owner Live Nation, Related: Canadian Taylor Swift fans are flying to Europe for cheaper concert tickets.
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