Submitted by havereddit t3_125c4d2 in explainlikeimfive
WeDriftEternal t1_je3tk3g wrote
Reply to comment by AlanMorlock in ELI5: Everyone knows that Ticketmaster is the biggest scumbucket enterprise on the planet yet no band seems able to avoid their grasp. What's to stop a really major act (e.g. Taylor Swift) from performing in venues that are not controlled by Ticketmaster, or just setting up a parallel company? by havereddit
This was all working just as it is now even before the Live Nation merger. The merger didn't help the situation, but its not like it was any different before, because it wasn't.
remarkablemayonaise t1_je3y0fo wrote
Don't you guys have a competition commission to "anti trust" these mergers?
AlanMorlock t1_je4qm7o wrote
Functionally? Not really. Sometimes they feint at regulations but it's been a rubber stamp for most industries.
WeDriftEternal t1_je3y4ra wrote
This probably should have had conditions attached. I haven’t reviewed the case though.
Lots of times vertical integration is allowed easily though (for complex business reasons)
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