#millennial

Ticketmaster, Monopolies, and Biden's Promise To Tackle Junk Fees

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Sinopsis

Welcome to #Millennial, the home of pretend adulting and real talk! Of course Elon couldn't resist amping up Twitter drama during the Thanksgiving holiday, and we reminisce about the Twitter apocalypse that wasn't. On this week's episode we're doing a deep dive on Ticketmaster, Live Nation, Antitrust laws, and the Biden Justice Department working to address the issue of monopolies. First, all due credit to Taylor Swift, whose Ticketmaster debacle inspired this conversation. We don't know for sure if Biden and Garland are Swifties, but we do know the Department of Justice had already launched an antitrust inquiry into Live Nation Entertainment before Ticketmaster shit the bed on presale tickets for Swift's tour. The Justice Department allowed the merger of Live Nation and Ticketmaster in 2010, despite cries from the music world and consumers that a monopoly would result. And they were right.  Artists like Ed Sheeran and Garth Brooks have tried to fight back against price gouging and scalping, but with t