For now – memorabilia sales are an untouched income stream 🎶
….
“And Live Nation doesn’t take a cut of memorabilia sales.” As streaming has reduced the revenue that comes from making albums, such sales have proved appealing to musicians.“
The New Yorker

newyorker.com/magazine/2024/…

🙌 A few years ago Taylor Swift did a great job discussing how private equity is hurting artists & music 🎶 The call to regulate private equity is an imperative across industries - particularly in healthcare.
#SWIFTIES #TSTTPD #taylorsversion

Typically great piece, but it’s worth going even broader: private equity drives so much dysfunction beyond catalog and streaming—see FM radio consolidation, journalism, and PE-backed predatory ticket resale sites/apps.

PPI’s Diana Moss spoke today at Coalition for Ticket Fairness' panel, “Not So Swift: Awaiting DOJ’s Case Against Live Nation/Ticketmaster.”

Diana knows monopolies All Too Well and encourages policymakers to Speak Now about Ticketmaster's End Game.

Read her latest piece: bit.ly/48Ktqsf

I’ve long wondered why Ticketmaster isn’t considered an illegal monopoly

Hey Ticketmaster Ticketmaster Fan Support DM ME!!! 4 calls to 'support line' (1 promised a supervisor would call within 48 hrs- no call) NONE of whom can help me get off a 'new fraud list.' AND CAN'T GIVE ME THE FRAUD NUMBER bc I have to try to buy tix 1st & have it fail to get the 'right'…

Tickets secured! First time ever seeing the US women in-person.

(Also, Ticketmaster remains a nightmarish monopoly that absolutely needs to be dissolved into competing entities.)

Guy who gets paid by company, says company is not at fault.

“Companies like StubHub, Vivid Seats, SeatGeek have been rather successful in appropriating legitimate public frustration with Ticketmaster to advance an unrelated policy agenda that’s mostly about maximising their access to inventory...'

'I ask you to judge me by the enemies I have made.'

The DOJ Antitrust Division Antitrust Division has certainly made some powerful ones—that's why America's biggest lawbreaking corporations are pressuring Congress to cut its budget.👇📰

'By diverting these fees from the Antitrust Division, appropriators are also imperiling the viability of future cases, including that which might stem from the reported investigation into anticompetitive behavior by Live Nation-Ticketmaster'

NEW: The committee that slashed the DOJ Antitrust Division's budget is a revolving door factory. Three current staffers were once lobbyists for large firms, and *ninteeen* former staff members have lobbied for Big Tech.
prospect.org/power/2024-03-…

Hi Sen. Jeanne Shaheen - Are you scalping your integrity for monopolistic corporations? We are fans of #antitrust enforcement.

#ConsumerProtection #Swifties #Ticketmaster

This is exactly what happened to the lead plaintiff in our Swifties v Ticketmaster lawsuit. We are the change we've been waiting for... #FansUnite #TakeDownticketmaster

Kneecapping of DOJ Antitrust in progress.
But there's another six-bill minibus coming down the road, and that's another opportunity to reverse this, with the pressure rising.

🚨NEW: Senator Amy Klobuchar on the Senate Floor right now blasting appropriators for diverting ~$45 million away from antitrust enforcers at Antitrust Division.

'They took the money and ran.'