#1
#1 out of 1
business15h ago
Live Nation employees caught calling fans 'so stupid' in shocking price-gouging messages
- DOJ antitrust lawsuit accuses Live Nation of monopolistic control over live events, prompting a settlement.
- Slack messages allegedly show Live Nation staff boasting about price hikes and calling fans 'stupid'.
- The messages referenced 'robbing them blind' and described pricing strategies tied to premier parking.
- Live Nation disputed the messages, saying they do not reflect company values and are from private Slack chats.
- Settlement requires Live Nation to pay about $200 million and divest booking deals at multiple venues.
- Attorney General Merrick Garland announced the DOJ action and settlement terms in the case.
- Live Nation emphasizes investments in venues and caps on certain fees as part of the settlement communications.
- The settlement aims to improve the concert experience while addressing monopoly concerns.
- Stakeholders, including Senators Warren and Klobuchar, commented on the settlement online.
- The case highlights ongoing scrutiny of pricing practices in the live events industry.
Vote 0