The notorious ticketing company Ticketmaster has been spun off from parent IAC/InterActiveCorp. This just a few months after the company lost its contract with Live Nation/Clear Channel. The two events are notable because it diminishes much of the market power that enabled Ticket Master to control venues, tickets and their famous service charges.
The new company will no longer have exclusive access to Live Nation’s venues. This was one of the most common complaints by major artists like Pearl Jam who made charges to monopolistic behaviour against the company.
You can find the Reuters report here.
Source The notorious ticketing company Ticketmaster has been spun off from parent IAC/InterActiveCorp. This just a few months after the company lost its contract with Live Nation/Clear Channel. The two events are notable because it diminishes much of the market power that enabled Ticket Master to control venues, tickets and their famous service charges.
The new company will no longer have exclusive access to Live Nation’s venues. This was one of the most common complaints by major artists like Pearl Jam who made charges to monopolistic behaviour against the company.