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by Omar Azeem3 views·Updated Apr 3, 2023
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  1. The claim that ticket masters hold an unfair
  2. monopoly can be backed up by ample of evidence
  3. to begin with.
  4. Fortune reported that ticket masters hold 70% of
  5. the total market share in Ticketmaster industry.
  6. The article by Michigan State University also mentions that ticket master paid
  7. small amounts to numerous venues to become their ticket service providers.
  8. C NBC was told by a New Yorkbased band called Lawrence that they
  9. were forced to use Ticketmaster as a source to sell their tickets.
  10. Fortune also reported that
  11. the app Ticketmaster crashed due to it being swamped by 3.5
  12. million requests at once due to this mishap by Ticketmaster.
  13. The price of the tickets arose.
  14. Fortune also reported live event ticket prices being bumped by 400%
  15. for the top 100 tours over the last 20 years.
  16. The news of inflation in the ticket service
  17. provider market was also published by CBC News.
  18. The New York Times reported famous
  19. artist Bruce Springston tickets bumping up to
  20. a whopping $5,000.
  21. This situation caught the eye of the United States Department of Justice.
  22. They filed a memorandum along with pure jam against Ticket master.
  23. Soon
  24. they found out that ticket masters
  25. were, were threatening and forcing venues to take them
  26. as their tickets. Uh service providers
  27. live nation was subject to a penalty of $1 million if it, if it threatened any venue.
  28. Again.
  29. As as mentioned, the New York Times reported that us sen
  30. who holds
  31. a seat in the subcommittee on competition and Consumers Act.
  32. Consumer Rights had promised a hearing to analyze the
  33. whole ticket market share and lack of competition situation.
  34. In 2018, the Canadian Economic Development Minister Nav the
  35. burns
  36. also tagged along and wanted to investigate the same situation.
  37. The mention of multiple authorities such as United States development of justice,
  38. the enormous New York Times,
  39. the Canadian Economic Development Minister,
  40. these state that
  41. the evidence has a lot of authority.
  42. The mentions of CNN
  43. CBC news
  44. and city news
  45. help us prove that the evidence is sufficient
  46. ticketmaster acquiring 70% of the whole ticketing industry.
  47. The tickets being inflated by 400
  48. and the tickets costing up to $5000
  49. live nation being
  50. subjected to a penalty of one million. All of these,
  51. all of these evidences
  52. help us identify that the evidences are accurate and precise.