OT: Ticketmaster

I guess this is a football topic as most of us have used this vendor or a competing service to buy tickets to Seahawk games. I certainly have.
I have mixed emotions about this lawsuit. As a rule, my default position is that government should not be interfering with business unless it's a clear and egregious situation. Let the free market work its magic. Especially with all the reviews that get published, if a restaurant is charging hidden fees, word is going to get out.
Ticketmaster does have competition. When I go to buy tickets for a Hawks game, I'll use both Stub Hub and Vivid Seats as well as Ticketmaster. I'll look at all 3 for the same game and buy from the vendor that has the best seats for the best price. Just because they have a large chunk of market share doesn't necessarily mean that they are a monopoly. I'm sort of like Teddy Roosevelt, that as long it's a level playing field, big is not necessarily bad.
But on the other hand, there are accusations that Ticketmaster will "lock up" venues, artists, and teams by using their size to force them into long term exclusive contracts and threatening them with some sort of retaliation (I haven't heard with exactly what) if they work with competitors.
Perhaps instead of breaking up Ticketmaster, which could cause some significant upheaval in the industry, I might be for doing a few regulatory things, like banning long term agreements.
Comments?
I have mixed emotions about this lawsuit. As a rule, my default position is that government should not be interfering with business unless it's a clear and egregious situation. Let the free market work its magic. Especially with all the reviews that get published, if a restaurant is charging hidden fees, word is going to get out.
Ticketmaster does have competition. When I go to buy tickets for a Hawks game, I'll use both Stub Hub and Vivid Seats as well as Ticketmaster. I'll look at all 3 for the same game and buy from the vendor that has the best seats for the best price. Just because they have a large chunk of market share doesn't necessarily mean that they are a monopoly. I'm sort of like Teddy Roosevelt, that as long it's a level playing field, big is not necessarily bad.
But on the other hand, there are accusations that Ticketmaster will "lock up" venues, artists, and teams by using their size to force them into long term exclusive contracts and threatening them with some sort of retaliation (I haven't heard with exactly what) if they work with competitors.
Perhaps instead of breaking up Ticketmaster, which could cause some significant upheaval in the industry, I might be for doing a few regulatory things, like banning long term agreements.
Comments?