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DOJ to Sue Live Nation Entertainment for Antitrust Violations The US Justice Department, along with a coalition of states, is set to file an antitrust lawsuit against Live Nation Entertainment Inc., the parent company of Ticketmaster. This significant legal action will challenge Live Nation's dominance over concert ticket sales. 🔺 Why This Matters: Live Nation, the largest concert promoter in the US, merged with Ticketmaster in 2010. The merger was conditionally approved by the Obama administration, with Live Nation promising not to retaliate against venues that chose other ticketing services. However, subsequent investigations revealed repeated violations of this agreement. 🔺Key Developments: - In 2019, under the Trump administration, a modified settlement was reached, which included external monitoring of Live Nation’s practices. - The Biden administration reopened the probe in 2022 due to ongoing concerns about compliance. - The issue gained widespread attention after Ticketmaster's handling of Taylor Swift's ticket sales, highlighting the impact of monopolistic practices on consumers. 🔺 What’s Next: The lawsuit, expected to be filed in the Southern District of New York, may seek remedies including the potential breakup of Live Nation. This action is part of a broader push by the Biden administration to enforce antitrust laws and promote competition. This move underscores the administration's commitment to curbing monopolistic behaviour and protecting consumer interests. As this case unfolds, it could reshape the landscape of the entertainment and ticketing industry. Bloomberg News. (2024, May 22). Justice Department to seek breakup of Live Nation-Ticketmaster. Bloomberg. Retrieved from https://lnkd.in/deyiZi-G. Bloomberg News #TicketingIndustry #DOJ #Livenation

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Did you know data stored and validated using blockchain technology cannot be hacked, even by quantum supercomputers? This article looks at the pros and cons of blockchain technology in ticket sales 🎟 #blockchaintechnology #ticketsales #redefiningsecurity

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Well done to Hugo & William!

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Breaking New Ground: Unveiling Trident Tickets - Elevating Event Experiences with Unmatched Security and Innovation!   📅 Launching: 2024   Dear LinkedIn Community,   We are delighted to introduce you to a new era of event ticketing with Trident Tickets, where professionalism, security, and cutting-edge technology converge for an unparalleled experience!   Why Choose Trident Tickets? 🌐 Tech Excellence: Experience the highest standard of technology in the ticketing industry. 🔒 Security First: Trust in a platform that prioritises combating ticket touting and verifying tickets above all else. 🤝 Reputation Matters: Join a community that values professionalism and reliability.   Trident Tickets: Redefining Excellence in Ticketing by Combating Touting and Counterfeit Tickets.     Welcome to a new age of professionalism, security, and tech innovation in ticketing!   #TridentTickets #RedefiningSecurity #RegainControl