US EditionLive Nation CEO thinks concert tickets are underpriced
Live Nation CEO Michael Rapino claims ticket prices are still too low despite rising costs and government lawsuits over alleged monopoly and illegal resale practices.
- In May 2024, Attorney General Merrick Garland announced a lawsuit against Live Nation accusing it of monopolistic and unlawful practices in the U.S. live events industry.
- The lawsuit followed allegations by the FTC and seven states that Live Nation and Ticketmaster used illegal tactics with brokers to resell tickets at high markups.
- Live Nation CEO Michael Rapino stated last week at a CNBC conference that despite rising costs and an average ticket price of $72, concerts have been priced too low for a significant period.
- Music producer Jack Antonoff condemned Rapino's stance on ticket pricing, asserting that selling tickets above their original price ought to be illegal and describing the CEO's viewpoint as a disturbing perspective.
- The lawsuit and public debate highlight tensions over ticket pricing transparency and fairness amid record-high average prices and government efforts to impose resale price caps.
18 Articles
18 Articles
Jack Antonoff Criticizes Live Nation CEO for Saying Concert Tickets Are ‘Underpriced’: A ‘Sick Way of Looking at It’
Hit producerJack Antonoff slammed Live Nation CEO Michael Rapino’s recent claim that concert tickets are 'underpriced': 'a sick way of looking at it.'
Ticketmaster CEO Says Quiet Part Out Loud About Insane Ticket Prices For Concerts And Sporting Events
Ticketmaster Are you a music fan who was hoping that prices of concert tickets would, at some point, stabilize and become more affordable for the everyday consumer? Well, I’m afraid I’ve got some bad news. Because, as it turns out, Ticketmaster CEO Michael Rapino doesn’t believe that the cost of tickets is too high. In fact, Rapino believes that people should be paying more for tickets and that they should actually be happy to do so! Ticketmaste…
Live Nation's CEO thinks concert tickets are 'underpriced'
(NewsNation) — Concert tickets have gotten more expensive in recent years, but Live Nation's CEO insists they're still a bargain compared with sports. "The concert is underpriced, has been for a long time," Live Nation CEO Michael Rapino said recently at CNBC and Boardroom’s "Game Plan" conference. Rapino argued that music is "underappreciated," noting that fans treat sports spending as a status symbol. "I always joke, sports, it's like a badge …
The CEO Of Live Nation Wants Concert Tickets To Be Even More Expensive
*Plugging my own tweet because this clip of Dave makes me laugh every time*This fucking guy Michael Rapino needs to be...well I'm not sure if I'm allowed to say beat with a hammer, but he needs to be ...
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