As we have said many occasions in the past, Dwell
Nation normally takes its responsibilities under the antitrust regulations seriously and does
not engage in behaviors that could justify antitrust litigation, permit by yourself
orders that would need it to alter essential small business tactics.
The live performance promotion small business is very
aggressive, with artist administration in manage of picking their
marketing crew. The demand from customers for live leisure proceeds to expand, and
there are more promoters than at any time operating with artists to aid them join
with admirers by means of reside exhibits. The Office of Justice alone acknowledged the
competitive nature of the live performance advertising company at the time of the Reside
Nation-Ticketmaster merger. That dynamic has not changed.
Ticketmaster has a substantial share of the
primary ticketing providers market because of the huge hole that exists between
the excellent of the Ticketmaster system and the next greatest primary ticketing
technique. The sector is more and more competitive nonetheless, with rivals
earning aggressive offers to venues. That Ticketmaster proceeds to be the
chief in these kinds of an natural environment is a testament to the system and people who
run it, not to any anticompetitive company techniques. 5 a long time ago tickets
were being paper, now you scan in with your cellular phone, and can transfer tickets to your
good friend with just one faucet. We innovate and commit in our technology a lot more than any
other ticketing enterprise, and we will continue on to do so.
Secondary ticketing is particularly competitive,
with Ticketmaster competing with StubHub, SeatGeek, Vivid and several
other folks. No significant argument can be created that Ticketmaster has the form of
marketplace position in secondary ticketing that supports antitrust statements.
For the earlier 12 a long time Dwell Nation has operated
beneath a Consent Decree that among other items seeks to avoid anticompetitive
leveraging of Stay Nation promoted written content to gain Ticketmaster.
Pursuant to the Amended Decree voluntarily entered in 2020, Reside Nation’s
compliance is monitored by a former federal choose. There by no means has been
and is not now any evidence of systemic violations of the Consent Decree.
It continues to be in opposition to Stay Nation policy to threaten venues that they will not get
Are living Country reveals if they do not use Ticketmaster, and Live Country does not
re-route material as retaliation for a shed ticketing deal.
Ticketmaster is also the most transparent and
fan-friendly ticketing method in the United States. Ticketmaster does not
established or command ticket price ranges, strongly advocates for all-in pricing so
that admirers are not shocked by what tickets truly charge, and is the undisputed
market chief in ticket security and combating bots. Ticketmaster also
does not embrace deceptive and questionable secondary ticketing methods
widespread on rival internet sites this sort of as speculative ticketing.
We are very pleased of the do the job we do across both equally
concerts and ticketing, and will go on working to make improvements to and assistance the
stay situations industry.