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Ticketmaster operated ‘illegal monopoly’ to drive up concert and sports prices, Feds say. The US Department of Justice has sued entertainment company Live Nation, parent company of ...
As part of the agreement, the PGA Tour and LIV agreed to cease their own court antitrust litigation in which LIV sued, and the Tour countersued, on claims the Tour illegally used its...
List of licensed and localized editions of. Monopoly. : USA. The following is a list of game boards of the Parker Brothers / Hasbro board game Monopoly adhering to a particular theme or particular locale in the United States. Lists for other regions can be found here.
A number of business executives reported the tour's favourable impact on their companies' performance. Local business. The Federal Reserve credited Swift with boosting the US economy at large. According to Bloomberg Economics, the Eras Tour contributed US$4.3 billion to the GDP of the US.
The lawsuit aims to break up the monopoly Ticketmaster and Live Nation have on tickets for concerts, sports and other events at venues around the nation, a news release from Washington Attorney...
Following the widespread criticism of the company's handling of the pre-sale of Taylor Swift's The Eras Tour in November 2022, the Department of Justice (DOJ) began a formal investigation into Live Nation Entertainment on the grounds of monopoly, antitrust law and consumer rights violations.
In 1994, American rock band Pearl Jam filed a complaint with the antitrust division of the U.S. Department of Justice, claiming that Ticketmaster has a "virtually absolute monopoly on the distribution of tickets to concerts" and attempted to book its tour only at venues that did not use Ticketmaster. However, no action was taken on Ticketmaster.
“This will be a critical step in holding Ticketmaster and Live Nation accountable for monopolistic, anticompetitive business practices that have eroded free market competition in the live event ...
The Boston Tea Party was an American political and mercantile protest on December 16, 1773, by the Sons of Liberty in Boston in colonial Massachusetts. [2] The target was the Tea Act of May 10, 1773, which allowed the East India Company to sell tea from China in American colonies without paying taxes apart from those imposed by the Townshend Acts.
In law, a monopoly is a business entity that has significant market power, that is, the power to charge overly high prices, which is associated with unfair price raises. Although monopolies may be big businesses, size is not a characteristic of a monopoly.