monopolies
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U.S. Proposes New Rule to Shed Light on Concert Ticket Junk Fees
From Taylor Swift’s Eras Tour to Airbnbs in an expensive city, junk fees are everywhere and ruining our attempts to have fun. The Federal Trade Commission is proposing a new rule that would force businesses like ticket marketplaces and hotels to clearly list all the fees they’ll wind up charging customers. The FTC announced the…
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Monopoly-Busting Guidelines to Get Updated in the U.S., Could Trickle Down Under
In the wake of legal turmoil that has stalled—but not prevented—a merger between Microsoft and Activision, the Biden administration has opted to revisit the guidelines that the Justice Department and Federal Trade Commission will use to assess mergers and acquisitions under the lens of federal antitrust laws. The Department of Justice announced the update in…
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Live Nation Puts Fixing Ticket Sales on Performers and Lawmakers
Live Nation Entertainment, the company that’s owned Ticketmaster since 2010, knows it’s hard out there for music fans. Really, it does. That’s why the company, which faced massive public pushback earlier this year in the aftermath of a Taylor Swift ticket sale meltdown, has proposed a (kind of) solution.
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Ticketmaster Sold a Lot of Fake Bad Bunny Tickets, and Mexico Is Pissed
Mexican regulators announced that Ticketmaster’s Mexican branch would be fined up to 10% of its sales in 2021 for botching ticket sales to Bad Bunny concerts in Mexico City last Friday and Saturday, which resulted in more than a thousand fans being turned away.