In 2021, the virtual world was the future of the internet. The pandemic had sequestered everyone indoors, heightening the appeal of digital communities. Facebook rebranded to Meta – a sign of the tech giant’s investment in and commitment to the metaverse as the future of the internet. Despite losing billions in VR, Meta released an […]
After a chaotic week following the Justice Department’s mid-trial settlement with Live Nation-Ticketmaster, the antitrust trial picked back up surprisingly smoothly on Monday – this time, with dozens of states leading the case. This isn’t the outcome the states originally wanted. Out of concerns about being able to effectively take over the case and fear […]
The Live Nation-Ticketmaster trial is back on. Dozens of states are expected to move forward with their claims against the company’s alleged concert industry monopoly beginning on Monday, following a brief hearing on Friday. The Justice Department and a handful of states have accepted settlements with the company, but the majority of the 40 state […]
Instead of moving forward with a jury trial against Live Nation-Ticketmaster as expected, the Justice Department announced a settlement Monday that omitted what used to be on the top of its wish list: a breakup. What the DOJ did get was a series of concessions that some industry stakeholders found unsatisfying and even baffling. There […]
Was it a threat or a reality check? That’s a key question in the government’s anti-monopoly case against Live Nation, which is currently in limbo after the Justice Department reached a settlement with the company and as dozens of states push ahead. The Verge obtained the audio of a 2021 call at the center of […]
The Live Nation trial is not over yet. Several states look to be headed to trial on their own as soon as Monday unless they hash out a settlement in the next few days. On Tuesday, a day after the Justice Department revealed in court it had reached a settlement with Live Nation that a […]
On Monday, Live Nation-Ticketmaster agreed to settle a federal antitrust lawsuit with the Department of Justice. Eight states so far have indicated they plan to join the settlement, a district attorney said in court, and four others remain unclear on their status. The case alleged that it illegally monopolized parts of the live events industry, […]
SeatGeek was close to a deal that would bring its ticketing business to the next level. The company was in negotiations with the Dallas Cowboys, aiming to take over first-party sales at its stadium. But there was one sticking point: “the concert issue.” The team feared that if it dropped SeatGeek’s rival Ticketmaster, Ticketmaster’s parent […]
Until now, most mobile phone companies have worked to ensure their phones won’t start fires. (Occasional Samsung devices excepted, of course.) But this week at Mobile World Congress, we found a company that dared to go in a different direction. Oukitel’s WP63 rugged smartphone includes a built-in fire starter, and this is what it looks […]
John Abbamondi had orders to let the CEO of Ticketmaster down easy. In April 2021, Abbamondi was the CEO of BSE Global, the company that ran Brooklyn arena the Barclays Center. BSE Global’s existing Ticketmaster contract would expire at the end of September, and Abbamondi and his team had evaluated proposals from SeatGeek, AXS, and […]