In 1976, concert tickets cost less than $10. Now, they can go for thousands. What happened? (www.marketplace.org)

submitted 1 month ago by neme@lemm.ee to c/entertainment@lemm.ee

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[-] agamemnonymous@sh.itjust.works 19 points 1 month ago* (last edited 1 month ago)

Ticketmaster monopolized tickets, Live Nation monopolized venues. They merged. Market economies enable efficient price discovery, when there's competition.

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[-] HootinNHollerin@lemmy.world 7 points 1 month ago* (last edited 1 month ago)

The government is supposed to bust monopolies. Teddy Roosevelt is rolling in his grave

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this post was submitted on 09 Jul 2024

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