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we forgot to play this clip from the Ticketmaster hearing this is really important stuff um here is uh Clyde Lawrence I dont know the band Lawrence but this is um an important sort of explanation of the monopolistic practices of Live Nation and Ticketmaster this is in front of the Senate uh Judiciary Judiciary Committee hearing from yesterday most of the issues we Face stem from the fact that Live Nation Ticketmaster often acts as three things at the same time the promoter the venue and the ticketing company lets imagine we just played a sold out show at a venue Live Nation owns and operates when an artist plays these venues theyre required to use Live Nation as the promoter far from Simply advertising the promoter coordinates and pays The Upfront costs to put together a concert such as renting and Staffing a venue and striking a deal with the performer since both our pay and theirs is a share of the shows profits we should be true Partners aligned in our incentives keep costs low