Comment by byoung2
7 days ago
They merged with LiveNation and they own half of the venues. The other half of the venues have exclusive deals with TicketMaster, who provides them with software to run venue logistics (TicketMaster for business), creating vendor lock-in.
Vendor lock-in by any other name boils down to monopoly. The moat is their lobby.
And they manage tours for bands. So it’s very hard for them to play independent venues and still have access to the big livenation venues
They also own a lot of the venue infrastructure across the industry such as catering, tour buses, security,...
They have leverage with venues they dont own and a monopoly across industry verticals.
Sickening situation for music.