logo
Feds seek info on ‘unfair,' ‘anticompetitive' practices in live entertainment industry

Feds seek info on ‘unfair,' ‘anticompetitive' practices in live entertainment industry

Miami Herald07-05-2025

Business Feds seek info on 'unfair,' 'anticompetitive' practices in live entertainment industry
May 7 (UPI) -- The U.S. government seeks information from Americans about practices or conduct deemed "anticompetitive" in the entertainment industry, officials announced Wednesday in a public inquiry.
The U.S. Justice Department will "continue to closely examine this market and look for opportunities where vigorous enforcement of the antitrust laws can lead to increased competition that makes tickets more affordable for fans while offering fairer compensation for artists," U.S. Assistant Attorney General Abigail Slater of the department's Antitrust Division said in a release.
DOJ and the Federal Trade Commission launched its joint inquiry to identify "unfair and anticompetitive" practices, conduct or ticket marketing in the live concert and entertainment industry as part of an executive order signed March 31 by U.S. President Donald Trump that targeted unfair practices in the live entertainment market.
Trump's order, signed during an Oval Office event with musician Kid Rock, directed Attorney General Pam Bondi and the FTC chair to "ensure that competition laws are appropriately enforced" in the concert and entertainment industry.
It further directs the FTC to "rigorously enforce" the 2016 Obama-era Better Online Tickets Sales Act, and also directed Bondi, U.S. Treasury Secretary Scott Bessent, and the FTC chair to identify specific legislative or regulatory solutions.
The BOTS Act allows the FTC to go against individuals and companies utilizing bots to buy concert tickets in bulk and resell them, and eliminated the practice of excess ticket scalping that raises prices for sporting events or theater shows.
"Many Americans feel like they are being priced out of live entertainment by scalpers, bots and other unfair and deceptive practices," FTC Chairman Andrew Ferguson said Wednesday.
Meanwhile, the federal agencies invited U.S. citizens to submit public comment and other information on "harmful practices" and potential regulation or legislation to protect consumers, which officials say will be used to ready a report for the White House with listed recommendations.
Officials pointed to U.S. consumers, artists, small businesses, trade groups, industry analysts as scores of other entities invited to give feedback to authorities as affected groups by perceived anticompetitive practices in the industry.
The federal government, along with 40 state and district attorneys general, is currently litigating a civil antitrust lawsuit brought on in 2024 againstLive Nation Entertainment's subsidiary Ticketmaster for alleged "monopolization" and other "unlawful conduct" that allegedly thwarted competition in markets across America's live entertainment markets.
The public, meanwhile, will have 60 days to submit comments no later than July 6.
Copyright 2025 UPI News Corporation. All Rights Reserved.
This story was originally published May 7, 2025 at 5:07 PM.

Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

Trump Says Musk Will Face ‘Very Serious Consequences' If He Backs Democrats
Trump Says Musk Will Face ‘Very Serious Consequences' If He Backs Democrats

Epoch Times

time23 minutes ago

  • Epoch Times

Trump Says Musk Will Face ‘Very Serious Consequences' If He Backs Democrats

President Donald Trump on June 7 warned that Elon Musk could face 'serious consequences' if he decides to back Democratic political candidates in upcoming elections. While Musk campaigned for Trump's 2024 presidential run and was a key member in the Trump administration's fight against fraud and waste, the two were involved in a public spat this week, apparently fueled by their disagreements over Trump's budget priorities in the One Big Beautiful Bill Act.

What we know so far: Trump and Musk's spectacular public blowup rocks Washington
What we know so far: Trump and Musk's spectacular public blowup rocks Washington

Yahoo

time34 minutes ago

  • Yahoo

What we know so far: Trump and Musk's spectacular public blowup rocks Washington

President Trump's signature 'Big Beautiful Bill' has precipitated an epic fallout between the US president and one of his closest allies, billionaire Elon Musk. The blowup played out publicly on social media, with both men using their respective platforms, X and Truth Social, to exchange criticisms. Related: Eyes on Senate Republicans as Trump and Musk feud over tax and spend bill Here is a summary of how the rift unfolded, and what we know so far: Donald Trump kicked off the fight during an Oval Office meeting with German chancellor Friedrich Merz. Asked about Elon Musk's criticism of his 'Big, Beautiful Bill', the US president told reporters: 'Elon and I had a great relationship. I don't know if we will any more.' Trump told reporters he was 'very disappointed in Elon', telling them: 'He knew every aspect of this bill. He knew it better than almost anybody, and he never had a problem until right after he left. … He said the most beautiful things about me, and he hasn't said bad about me personally, but I'm sure that'll be next, but I'm very disappointed in Elon. I've helped Elon a lot.' Soon after Musk posted on X denying Trump's statement, beginning a flurry of posts that stepped up his feud with the president. Musk wrote: 'False, this bill was never shown to me even once and was passed in the dead of night so fast that almost no one in Congress could even read it!' He went on to claim that without him Trump would have 'lost the election' before bemoaning what he called 'such ingratitude'. The president followed up by , prompting a return threat from the SpaceX boss to decommission the Dragon spacecraft (which brought home astronauts stuck on the ISS for months), potentially throwing US space programmes into turmoil. Hours later Musk rescinded the threat. Musk also suggested Trump should be impeached and that JD Vance should replace Trump, warning that Trump's global tariffs would 'cause a recession in the second half of this year'. Musk went on to say on X the reason the had not released the files into convicted sex offender Jeffrey Epstein was because they implicated the president. The White House called the assertions an 'unfortunate episode'. Meanwhile, Steve Bannon, a longtime ally and Elon Musk critic, suggested there were grounds to deport the tech billionaire, who has US citizenship. Bannon told the New York Times: 'They should initiate a formal investigation of his immigration status because I am of the strong belief that he is an illegal alien, and he should be deported from the country immediately.' The spectacular blowout between Trump and Musk sent Tesla shares into free fall. They The decline in Tesla's share price on Thursday knocked about $8.73bn off Musk's total net worth, according to the Bloomberg Billionaires Index. The reported $152bn drop also decreased the value of the company to roughly $900bn.

Musk backs down on threat to retire SpaceX Dragon spacecraft amid Trump dispute
Musk backs down on threat to retire SpaceX Dragon spacecraft amid Trump dispute

Yahoo

time34 minutes ago

  • Yahoo

Musk backs down on threat to retire SpaceX Dragon spacecraft amid Trump dispute

Elon Musk, the world's richest person, on Thursday said his company SpaceX would begin decommissioning its Dragon spacecraft after he engaged in an extraordinary public fallout with Donald Trump who had threatened to cancel government contracts with Musk's businesses. He later appeared to back down. 'In light of the President's statement about cancellation of my government contracts, @SpaceX will begin decommissioning its Dragon spacecraft immediately,' Musk posted on the social media platform X, which he owns. A few minutes earlier Trump had posted on Truth Social – the media platform that he owns – that he might cancel huge lucrative contracts with Musk's businesses, which include the SpaceX company that is building a fleet of rockets. Related: Trump and Musk's very public feud is like Alien v Predator for political nerds 'The easiest way to save money in our Budget, Billions and Billions of Dollars, is to terminate Elon's Governmental Subsidies and Contracts. I was always surprised that Biden didn't do it!' Trump said. Nasa relies on SpaceX's Dragon spacecraft to ferry astronauts to and from the International Space Station (ISS). Hours after issuing his threat, Musk appeared to take pleas from users on his social media platform X to 'cool down' and he posted: 'Good advice. Ok, we won't decommission Dragon.' Since 2008, SpaceX has received more than $20bn in government contracts, largely from Nasa and the Department of Defense. In March, two Nasa astronauts returned to Earth in a Dragon capsule after being stranded on the ISS for nearly nine months, after their Boeing Starliner capsule faced technical issues and returned to Earth without them. The next SpaceX Dragon launch is scheduled to take place on 10 June. The Dragon is expected to carry four people to and from the ISS on Axiom Mission 4. Nasa's press secretary, Bethany Stevens, in a statement on X after Musk's announcement, said the agency 'will continue to execute upon the president's vision for the future of space'. Related: Trump v Musk: 10 ways they can further hurt each other 'We will continue to work with our industry partners to ensure the president's objectives in space are met,' she added. Musk's announcement came amid an escalating dispute with Trump that began after he denounced the president's tax and spending bill as a 'disgusting abomination'. Musk later accused Trump of 'ingratitude' for the millions he spent to get him elected. Trump, in turn, said he was 'very disappointed' in Musk. The president wrote earlier on Thursday that Musk was 'wearing thin' and that the tech billionaire 'went crazy' after he was asked to depart the White House last week as head of Trump's 'department of government efficiency' .

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into the world of global news and events? Download our app today from your preferred app store and start exploring.
app-storeplay-store