The Live Nation Monopoly Ruling
Velshi
MS NOW, Ali Velshi
4.7 • 793 Ratings
🗓️ 19 April 2026
⏱️ 42 minutes
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| 0:00.0 | Between religious insults, a threat to destroy a civilization, memes depicting Trump as Jesus |
| 0:13.8 | and a fight with the Pope, you might have missed massive news of an historic clash between |
| 0:18.3 | financial power and the public interest. And you might have missed |
| 0:21.2 | the important fact that this week, the public interest won. A jury found Live Nation and its subsidiary |
| 0:28.3 | ticket master liable of violating three counts of federal and state antitrust laws, finding that |
| 0:34.5 | the company operated as an illegal monopoly that locked out competition, |
| 0:39.5 | coerced artists and venues, and overcharged ticket buyers for years. |
| 0:45.0 | Corporate America is now on notice. |
| 0:46.4 | The free pass era may be over, and any company that exploits its size and reach could be |
| 0:51.6 | next, which includes the proposed Paramount Warner Brothers merger |
| 0:55.3 | already under close watch by antitrust observers. And here's something worth noting. In every |
| 1:01.1 | previous civil monopolization case brought by the government, a single judge made the final call. |
| 1:08.1 | This time, for the first time in American history, that decision was put in the hands |
| 1:13.6 | of a jury, a jury of ordinary people. So let's talk about what just happened and why its implications |
| 1:20.1 | go far beyond a concert ticket. Live Nation Entertainment, the parent company of Ticketmaster, |
| 1:25.4 | has longed one of the most despised corporations |
| 1:27.8 | in America and not without reason. This is a company that controls roughly half of the |
| 1:33.2 | concert promotion market. It owns venues, it manages artists, and it sells the tickets through Ticketmaster, |
| 1:39.3 | the platform with which it merged in 2010 over the prescient objections of consumer advocates and |
| 1:46.0 | competition experts. A merger, the Obama administration, approved with conditions that the company |
| 1:52.2 | subsequently violated repeatedly. For years, if you wanted to go to a major concert, you |
| 1:56.9 | effectively had one option. And that option came with lots of fees, service fees, facility |
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