Anyone watch 4Corners last night?
The vertical integration take over of the Music industry by shareholder driven company LiveNation Entertainment. A US based company controlled by Liberty Media Corp.
In an industry without any real regulation these bastards are doing what no other companies are allowed to do because of regulations & regulatory bodies that oversee fair competition policy.
They are buying up the artists, music festivals & music venues, ticket sales & promotion companies. Thus becoming vertically integrated and charging whatever they like in the pursuit of profits for shareholders.
It was an interest expose on the control of the music industry and how it makes life much more difficult for the musicians & up coming talent.
It's having a devastating impact on artists and punters who are being ripped off by Dynamic Pricing - a fancy name for profiteering/price gouging in the guise of the old supply & demand mantra.
https://www.abc.net.au/news/2024-10-14/music-for-sale/104471980Of course LiveNation has come out blasting the 4Corners program ....
but when all the facts about what parts of the music industry they own and get fees on fees from then they don't have a truthful leg to stand on.