On a new episode of the Radically Pragmatic podcast, Dr. Diana Moss, Vice President and Director of Competition Policy at the Progressive Policy Institute, sits down with Russ D’Souza, co-founder of SeatGeek, and Terrell McSweeny, former Commissioner of the Federal Trade Commission, to discuss the Ticketmaster and Live Nation monopoly.
In the episode, Moss and the guests outline the Live Nation monopoly story and how their restrictive policies and contracts ensure Ticketmaster is the only ticketing platform available, hurting consumers. Ticketmaster has an estimated 70% share of the market and Live Nation has a similar market share in exclusive contracts and in recent years, music and sports fans have been outspoken about their lack of choices.
“Little or even no choice is cited often as a leading indicator of a lack of competition in a market. And the history of antitrust tells us that dominant firms or monopolies often achieve and maintain their market positions through restrictive policies that limit competition. Live Nation is no different. This [monopoly] is revealed through their policies and methods to disadvantage their competitors, favor their own products and services, and drive fans back to Ticketmaster’s primary and secondary ticketing platforms,” said Diana Moss on the podcast.
The Progressive Policy Institute (PPI) is a catalyst for policy innovation and political reform based in Washington, D.C. Its mission is to create radically pragmatic ideas for moving America beyond ideological and partisan deadlock. Learn more about PPI by visiting progressivepolicy.org.
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Media Contact: Amelia Fox – afox@ppionline.org
