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These agreements block competition and innovation and result in higher ticketing fees, denying artists the ability to choose who will ticket their shows and how much their fans should pay.
An additional “processing fee” of $5 per order brings the total cost for a single ticket to $53.25 — a price jump of nearly 37%.
Live Nation and Ticketmaster announced on Thursday (June 15) that it will implement “all-in pricing” for its concert tickets, which will show the true cost of tickets upfront.
Live Nation fully owns Ticketmaster, North America’s biggest ticket vendor. The complaint claims that the company has a monopoly on ticketing through Ticketmaster, and that it illegally uses...
A ticket is a voucher that indicates that an individual is entitled to admission to an event or establishment such as a theatre, amusement park, stadium, or tourist attraction, or has a right to travel on a vehicle, such as with an airline ticket, bus ticket or train ticket. An individual typically pays for a ticket, but it may be free of ...
The NFL has the largest television contracts, and earns over $6 billion annually from its contracts with Fox, CBS, NBC, ESPN and DirecTV for the 2014 through 2022 seasons. [6] MLB earns $1.5 billion annually from its contracts signed in 2012 with ESPN, Fox, and Turner Sports ( TBS) for the 2014 through 2021 seasons. [7]