Live Nation's Monopoly Overcharge: Australian Ticketing Crackdown Urged
A US court ruling finds Live Nation and Ticketmaster's stranglehold on concerts has cost fans $595M. Calls grow for an Australian investigation into opaque ticketing rules.
Live Nation and its subsidiary Ticketmaster have long been accused of monopolistic practices that inflate ticket prices and limit consumer choice. Now, a landmark US court verdict has quantified the impact of this concert industry dominance, triggering renewed calls for Australian authorities to scrutinize their own ticketing landscape.
According to industry insiders, the average Australian concertgoer pays around A$10 in hidden fees per ticket, with fans shouldering the burden of monopolized music tour schedules and inflated artist values. This exploitative business model has drawn parallels to the systemic issues recently uncovered in the US.
Source: The Guardian
