[ccpw id="5"]

Home.forex news reportLive Nation exec brags about ‘robbing fans blind’ on fees — then...

Live Nation exec brags about ‘robbing fans blind’ on fees — then got promoted. Here’s what you’re really paying for

-


They joked about their customers being “stupid” and how they were “robbing them blind.” Now, two Live Nation execs could be off the hook after the Department of Justice (DOJ) settled its antitrust lawsuit against the event promotion company and Ticketmaster, which it owns.

Prosecutors sought (1) to enter the private Slack messages from 2022 that were exchanged between Ben Baker and Jeff Weinhold, both Live Nation regional ticketing directors at the time, into evidence in the case that aims to break up the company’s “monopoly power” over live events (2). They also hoped to compel Baker — who’s since been promoted to head of amphitheater ticketing according to Pollstar (3) — to testify. But Baker has evaded that, for now, with the prospect of a settlement (4).

Meanwhile, the Slack messages gloated about fleecing customers, with Baker admitting “I gouge them on ancil prices,” including how “I charge $50 to park in the grass … $60 for closer grass.” He added “robbing them blind baby … that’s how we do,” to which Weinhold laughed (5).

Weinhold also boasted about raising prices, including VIP parking at an event to $250 (6). “These people are so stupid,” Baker quipped. “I almost feel bad taking advantage of them.”

The messages imply that the perceived price gouging is deliberate, even celebrated, while fans are left holding the increasingly hefty bill — an issue so pervasive that the Federal Trade Commission (FTC) used it as one of the key points in a lawsuit against the companies last year (7).

That said, despite the antitrust settlement, numerous state attorneys general plan to continue the fight — which means there could be justice for frustrated fans on the horizon.

The antitrust suit, launched in 2024 by the DOJ and more than 30 states, aims to undo the 2010 Live Nation and Ticketmaster merger. The New York Times reported that the union gave Live Nation “global reach and a sprawling business model unmatched by any rival” — a $25 billion revenue generator in 2025 alone, that includes control over hundreds of venues and artists (8).

But, the Times added, the government accused Live Nation of repeatedly breaking a merger agreement to not refuse live events to venues that didn’t use Ticketmaster’s service, which eventually led to the current antitrust battle.



Source link

LEAVE A REPLY

Please enter your comment!
Please enter your name here

LATEST POSTS

Is Cogent Biosciences (COGT) One of the Best Multibagger Stocks to Buy According to Billionaires?

Cogent Biosciences Inc. (NASDAQ:COGT) is one of the best multibagger stocks to invest in according to billionaires. On February 17, Cogent...

Ciena Corp. (CIEN) Unveils Networking Innovations for AI-Driven Bandwidth Growth

Ciena Corporation (NYSE:CIEN) is one of the best multibagger stocks to invest in according to billionaires. On March 10, Ciena announced...

How OPAL Fuels’ New Preferred Stock Facility Supports Its Next Growth Phase

OPAL Fuels Inc. (NASDAQ:OPAL) is one of the best renewable energy penny stocks to buy. On March 9, 2026,...

Is Gevo the Best Renewable Energy Penny Stocks to Buy Now?

Gevo, Inc. (NASDAQ:GEVO) is one of the best renewable energy penny stocks to buy. On March 5, 2026, Gevo...

Follow us

0FansLike
0FollowersFollow
0SubscribersSubscribe

Most Popular

spot_img