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It’s “shakeout” time as losses of Netflix rivals top $5 billion | Disney, Warner, Comcast, and Paramount are contemplating cuts, possible mergers. (arstechnica.com)

submitted 11 months ago by L4s to c/technology

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It’s “shakeout” time as losses of Netflix rivals top $5 billion | Disney, Warner, Comcast, and Paramount are contemplating cuts, possible mergers.::Disney, Warner, Comcast, and Paramount are contemplating cuts, possible mergers.

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[–] [email protected] 46 points 11 months ago (1 children)

Live nation/ticketmaster is worse than that, if you try to open a venue without giving then a cut in some way they'll blacklist you from the industry.

[–] chitak166 0 points 11 months ago (1 children)

Blacklist them from the... real estate market?

Lol. How exactly does that work? It's the performers that make venues worth going to, not the venues themselves or the people selling the tickets.

[–] [email protected] 7 points 11 months ago* (last edited 11 months ago) (1 children)

By creating near-universal exclusive contracts with venues and artists.

Ticketmaster/LN offers venues ticketing access to fans who want to buy tickets. Because there's no real competitor, the venues feel compelled to sign. The contracts have a provision that prohibits the venue from contracting with other ticket sellers.

Ticketmaster/LN offers artists access to venues for a national tour. Because major venues have all contracted exclusively with Ticketmaster/LN, there is effectively no way to tour without participation of venues who exclusively use Ticketmaster/LN. It's a fait accompli at this point, but Ticketmaster/LN also offer artists participation in their bogus fees, meaning artists get some extra money and don't have to take the blame (Ticketmaster/LN takes the blame, and some extra profit). The artists' contracts prohibit working with non-Ticketmaster/LN venues, further locking in the venues.

Venues who do not participate are locked out of artists and fans. Sounds like a blacklist to me.

[–] chitak166 0 points 11 months ago

So, it's the artist's fault for whoring themselves out to ticketmaster.

Greed wins again!