Ticketmaster on Trial

A jury has officially found Live Nation-Ticketmaster guilty of having too much power and acting in a way that keeps people out of the market. But will this really lower the price of your concert tickets?In this episode, we talk about the recent state-led antitrust case against Ticketmaster and what the limits of state antitrust power are. We talk about the history of the 2010 DOJ settlement, what the jury's finding of a $1.72 overcharge means for the company's future, and why figuring out who is responsible is just the first step. Finally, we compare the US approach of restoring competition to international approaches, like Ontario's, restoring competition with international approaches, such as direct price caps on ticket resales.If you've ever been angry about buying concert tickets, you won't want to miss this explanation of the law, the money, and what comes next!For a comprehensive article and graphic study of this case, click this link: This is a public episode. If you'd like to discuss this with other subscribers or get access to bonus episodes, visit blog.econworks.com/subscribe