Ticketmaster just crushed another startup and now faces a massive antitrust lawsuit. Fanimal filed a complaint claiming the entertainment giant used monopoly tactics to destroy their business. This Santa Monica company shut down recently after failing to compete against a system controlling eighty percent of major American venues.
The lawsuit outlines how Live Nation allegedly bullies venue owners into submission. Buildings supposedly get blacklisted or lose big shows unless they sign exclusive deals with Ticketmaster. Fanimal insists these long contracts essentially lock out any fair competition from entering the marketplace for years.
They also highlighted how the SafeTix feature restricts reselling tickets on outside platforms. The dead startup claims Live Nation overpays artists to hoard talent while eating losses on the promotion side. This scheme apparently relies on Ticketmaster fees to generate actual profit while starving rivals.
Legal pressure keeps mounting against the corporate behemoth from every angle. Federal regulators previously sued to break up the merger, citing similar anti-competitive behavior. Even angry concertgoers have launched class-action battles over the chaotic presale disasters that plague every major tour announcement.
The lawsuit outlines how Live Nation allegedly bullies venue owners into submission. Buildings supposedly get blacklisted or lose big shows unless they sign exclusive deals with Ticketmaster. Fanimal insists these long contracts essentially lock out any fair competition from entering the marketplace for years.
They also highlighted how the SafeTix feature restricts reselling tickets on outside platforms. The dead startup claims Live Nation overpays artists to hoard talent while eating losses on the promotion side. This scheme apparently relies on Ticketmaster fees to generate actual profit while starving rivals.
Legal pressure keeps mounting against the corporate behemoth from every angle. Federal regulators previously sued to break up the merger, citing similar anti-competitive behavior. Even angry concertgoers have launched class-action battles over the chaotic presale disasters that plague every major tour announcement.
