{"id":20137,"date":"2025-10-25T18:33:00","date_gmt":"2025-10-25T18:33:00","guid":{"rendered":"https:\/\/lonecandle.com\/?p=20137"},"modified":"2025-10-25T18:33:00","modified_gmt":"2025-10-25T18:33:00","slug":"live-nations-merger-with-ticketmaster-isnt-responsible-for-high-resale-prices-you-are","status":"publish","type":"post","link":"https:\/\/lonecandle.com\/?p=20137","title":{"rendered":"Live Nation&#8217;s Merger with Ticketmaster Isn&#8217;t Responsible for High Resale Prices\u2014You Are"},"content":{"rendered":"\n<p>&#8220;the company&#8217;s market share&nbsp;<a href=\"https:\/\/news.bloomberglaw.com\/antitrust\/senators-blame-ticketmaster-monopoly-for-taylor-swift-debacle\" target=\"_blank\" rel=\"noreferrer noopener\">decreased<\/a>&nbsp;by 10 percentage points following its merger in 2014, sitting at&nbsp;<a href=\"https:\/\/truthonthemarket.com\/2024\/05\/24\/live-nation-breakup-are-mergers-really-to-blame-for-ticketmasters-problems\/\" target=\"_blank\" rel=\"noreferrer noopener\">around 70 percent<\/a>&nbsp;in 2024. Live Nation&#8217;s&nbsp;<a href=\"https:\/\/investors.livenationentertainment.com\/sec-filings\/annual-reports\/content\/0001335258-25-000028\/0001335258-25-000028.pdf\" target=\"_blank\" rel=\"noreferrer noopener\">FY 24 net profit margin<\/a>&nbsp;of 2.8 percent\u2014considerably lower than the&nbsp;<a href=\"https:\/\/pages.stern.nyu.edu\/~adamodar\/New_Home_Page\/datafile\/margin.html\" target=\"_blank\" rel=\"noreferrer noopener\">total U.S. market&#8217;s net margin<\/a>&nbsp;of 8.7 percent\u2014suggests that the firm lacks pricing power. Moreover, the profits Live Nation makes have little to do with the secondary ticket market: &#8220;Revenue from fees on concert ticket resale is less than 2% of Live Nation&#8217;s revenue,&#8221; the company said&nbsp;<a href=\"https:\/\/reason.com\/wp-content\/uploads\/2025\/10\/Blackburn-Lujan-Letter2.pdf\" target=\"_blank\" rel=\"noreferrer noopener\">in a reply<\/a>&nbsp;to Blackburn and Luj\u00e1n on Friday.<\/p>\n\n\n\n<p>&#8230;<\/p>\n\n\n\n<p>so long as artists set prices below the market rate, brokers will find a way to get tickets to those who value them the most, with or without Ticketmaster.&#8221;&nbsp;&nbsp;<\/p>\n\n\n\n<p><a href=\"https:\/\/reason.com\/2025\/10\/22\/live-nations-merger-with-ticketmaster-isnt-responsible-for-high-resale-prices-you-are\">https:\/\/reason.com\/2025\/10\/22\/live-nations-merger-with-ticketmaster-isnt-responsible-for-high-resale-prices-you-are<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#8220;the company&#8217;s market share decreased by 10 percentage points following its merger in 2014, sitting at around 70 percent in 2024. Live Nation&#8217;s FY 24 net profit margin of 2.8 percent\u2014considerably lower than the total U.S. market&#8217;s net margin of 8.7 percent\u2014suggests that the firm lacks pricing power. Moreover, the profits Live Nation makes have little to do with the secondary ticket market: &#8220;Revenue from fees on concert ticket resale is less than 2% of Live Nation&#8217;s revenue,&#8221; the company said in a reply to Blackburn and Luj\u00e1n on Friday.<\/p>\n<p>&#8230;<\/p>\n<p>so long as artists set prices below the market rate, brokers will find a way to get tickets to those who value them the most, with or without Ticketmaster.&#8221;  <\/p>\n<p>https:\/\/reason.com\/2025\/10\/22\/live-nations-merger-with-ticketmaster-isnt-responsible-for-high-resale-prices-you-are\/<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[13],"tags":[217,165,580,1992,1831],"class_list":["post-20137","post","type-post","status-publish","format-standard","hentry","category-article-share","tag-economics","tag-economy","tag-market-share","tag-ticket","tag-ticketmaster"],"_links":{"self":[{"href":"https:\/\/lonecandle.com\/index.php?rest_route=\/wp\/v2\/posts\/20137","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/lonecandle.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/lonecandle.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/lonecandle.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/lonecandle.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=20137"}],"version-history":[{"count":1,"href":"https:\/\/lonecandle.com\/index.php?rest_route=\/wp\/v2\/posts\/20137\/revisions"}],"predecessor-version":[{"id":20138,"href":"https:\/\/lonecandle.com\/index.php?rest_route=\/wp\/v2\/posts\/20137\/revisions\/20138"}],"wp:attachment":[{"href":"https:\/\/lonecandle.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=20137"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/lonecandle.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=20137"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/lonecandle.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=20137"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}