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In a recent Senate Judiciary Committee hearing, Clyde Lawrence highlighted the monopolistic practices of Live Nation and Ticketmaster. He explained that Live Nation often operates simultaneously as the promoter, venue owner, and ticketing company. For instance, when an artist performs at a Live Nation-owned venue, they must use Live Nation as the promoter. This arrangement requires the promoter to coordinate and finance the upfront costs, including venue rental and staffing, creating a profit-sharing model. Lawrence emphasized that this structure complicates the relationship between artists and promoters, as both should ideally work together to keep costs low and align their financial interests.
