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AEG, SeatGeek challenge Live Nation's Ticketmaster deal
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[QUOTE="Bombastus, post: 91502, member: 2178"] AEG and SeatGeek want the Live Nation settlement tossed. These rivals told a federal judge the deal fails to fix monopoly issues. AEG demands a forced Ticketmaster sale instead. They argue exclusive venue contracts still lock out competitors like AXS. Louis Messina backed this stance after claiming Live Nation ghosted his touring business. SeatGeek says venues fear losing shows if they switch platforms. Their retaliation insurance offer failed to sway most locations. Critics note the proposed judgment keeps 85% of events under Ticketmaster control. An eighteen-million-dollar penalty represents less than 0.1% of annual revenue. Previous conduct rules failed over fifteen years. Eighteen attorneys general also rejected the agreement as insufficient. Judge Arun Subramanian must determine if the terms serve the public interest. The DOJ needs to address all comments before any ruling happens. Live Nation insists opponents merely push commercial agendas rather than helping fans. Dan Wall expressed confidence that the court will approve the deal anyway. [/QUOTE]
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Nyuuz
AEG, SeatGeek challenge Live Nation's Ticketmaster deal
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