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Ben Cesario

👤 Speaker
245 total appearances

Appearances Over Time

Podcast Appearances

The Daily
Ticketmaster’s Big Loss in Court

The jury was completely persuaded by the government's case, and it was a real victory for the states that continued this.

The Daily
Ticketmaster’s Big Loss in Court

Well, first of all, this case is not over.

The Daily
Ticketmaster’s Big Loss in Court

There's going to be a whole separate trial that will happen probably in a few months where the judge will determine what are called the remedies for this.

The Daily
Ticketmaster’s Big Loss in Court

That's how is Live Nation going to be punished.

The Daily
Ticketmaster’s Big Loss in Court

Breaking up the company still is on the table.

The Daily
Ticketmaster’s Big Loss in Court

That is one option available to the judge.

The Daily
Ticketmaster’s Big Loss in Court

There will also be monetary damages that will go to the states.

The Daily
Ticketmaster’s Big Loss in Court

That will be a heavily contested thing between the government and Live Nation.

The Daily
Ticketmaster’s Big Loss in Court

There may be appeals and so forth.

The Daily
Ticketmaster’s Big Loss in Court

So we know there's going to be some kind of ramifications for Live Nation.

The Daily
Ticketmaster’s Big Loss in Court

I think for average music fans, the big question of what this case, what this case has all been about is, will this lower ticket prices?

The Daily
Ticketmaster’s Big Loss in Court

Will this lower fees?

The Daily
Ticketmaster’s Big Loss in Court

Will this help me when it comes to my wallet?

The Daily
Ticketmaster’s Big Loss in Court

I think we really don't know that yet.

The Daily
Ticketmaster’s Big Loss in Court

For the biggest shows, for those Beyonce concerts, for Bruce Springsteen, for the Kendrick Lamar tour, that's where it really gets into that supply and demand dynamics.

The Daily
Ticketmaster’s Big Loss in Court

And it really is about those artists charging what they think they're worth and what fans are willing to pay for it.

The Daily
Ticketmaster’s Big Loss in Court

And what we've seen is that fans will go through anything to

The Daily
Ticketmaster’s Big Loss in Court

to see their favorite artists.

The Daily
Ticketmaster’s Big Loss in Court

If that fan was willing to pay $1,000 for that Beyonce ticket yesterday, they might still pay that same $1,000.

The Daily
Ticketmaster’s Big Loss in Court

The question is, who gets it?