Many live music fans likely met the news that the U.S. Justice Department is seeking to break up Ticketmaster and its parent company Live Nation with glee. Long the subject of consumer complaints, angst toward the two companies reached a crescendo in 2022 when Bruce Springsteen fans were confronted with so-called “dynamic pricing” that saw face-value ticket costs rise to hundreds of dollars. Later that same year, demand for tickets to Taylor Swift’s “Eras Tour” caused Ticketmaster’s website to crash when seats first went on sale. While experts say it will take some time before fans see relief stemming from the DOJ’s actions, assuming they are successful, the results should ultimately benefit consumers and artists alike. The Biden administration is accusing Live Nation of exercising monopoly power over the live entertainment space, alleging the company controls some 60% of concert promotions at major venues and about 80% of ticketing operations…
