{"id":26432,"date":"2024-06-24T13:25:13","date_gmt":"2024-06-24T17:25:13","guid":{"rendered":"http:\/\/cfif.org\/v\/freedom_line_blog\/?p=26432"},"modified":"2024-06-24T13:25:13","modified_gmt":"2024-06-24T17:25:13","slug":"aei-scholar-biden-administration-targeting-of-live-nation-a-historic-mistake","status":"publish","type":"post","link":"https:\/\/cfif.org\/v\/freedom_line_blog\/26432\/aei-scholar-biden-administration-targeting-of-live-nation-a-historic-mistake\/","title":{"rendered":"AEI Scholar: Biden Administration Targeting of Live Nation a “Historic Mistake”"},"content":{"rendered":"

In recent weeks we at CFIF have criticized the Biden administration’s indefensible legal crusade<\/a> against entertainment enterprise Live Nation, which promises nothing but a waste of judicial resources and litigation costs in its attempt to reverse a merger that the very same Department of Justice (DOJ) blessed just a few short years ago.<\/p>\n

American Enterprise Institute (AEI) scholar and tech expert Mark Jamison adds his own intellectual heft to the issue in his new commentary<\/a> “The Government Is Gunning for Live Nation.\u00a0 It’s Making a Historic Mistake”:<\/p>\n

The recent\u00a0case<\/a>\u00a0filed by Department of Justice (DOJ) exemplifies the administration\u2019s tendency to view company breakups as a panacea for perceived market ills.\u00a0 The DOJ argues that Live Nation\u2019s integration of concerts, event venue ownership, talent agencies and ticketing creates barriers to competition and enables the company to engage in unfair practices.\u00a0 The DOJ believes that spinning off Ticketmaster, which Live Nation acquired nearly 15 years ago, and Live Nation\u2019s concert venues will foster a more competitive market.<\/p>\n

History suggests otherwise.”<\/p><\/blockquote>\n

Mr. Jamison’s piece merits a full read, but he highlights how American consumers will be the ones to pay the price of this latest misguided activism from the Biden administration:<\/p>\n

Live Nation\u00a0has<\/a>\u00a0become<\/a>\u00a0the world\u2019s leading provider of live concerts, ticket sales and related services.\u00a0 Its success stems from innovative integration across multiple business lines, a structure that its competitors want to replicate, according to the DOJ.\u00a0 The agency contends that this integration is hard to duplicate, so it stifles competition and innovation.\u00a0 Yet this very structure has driven substantial value for consumers and investors.\u00a0 The only beneficiaries of breaking up Live Nation would be those less effective competitors who struggle to match its innovations.<\/strong>”\u00a0 (Emphasis added.)<\/p><\/blockquote>\n

Well said.<\/p>\n

 <\/p>\n","protected":false},"excerpt":{"rendered":"

In recent weeks we at CFIF have criticized the Biden administration’s indefensible legal crusade against entertainment enterprise Live Nation, which promises nothing but a waste of judicial resources and litigation costs in its attempt to reverse a merger that the very same Department of Justice (DOJ) blessed just a few short years ago. American Enterprise […]<\/p>\n","protected":false},"author":4,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[466,860,5238,3494,5226,5266],"class_list":["post-26432","post","type-post","status-publish","format-standard","hentry","category-posts","tag-antitrust","tag-biden","tag-bidenomics","tag-doj","tag-live-nation","tag-ticketmaster"],"_links":{"self":[{"href":"https:\/\/cfif.org\/v\/freedom_line_blog\/wp-json\/wp\/v2\/posts\/26432","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/cfif.org\/v\/freedom_line_blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/cfif.org\/v\/freedom_line_blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/cfif.org\/v\/freedom_line_blog\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/cfif.org\/v\/freedom_line_blog\/wp-json\/wp\/v2\/comments?post=26432"}],"version-history":[{"count":1,"href":"https:\/\/cfif.org\/v\/freedom_line_blog\/wp-json\/wp\/v2\/posts\/26432\/revisions"}],"predecessor-version":[{"id":26433,"href":"https:\/\/cfif.org\/v\/freedom_line_blog\/wp-json\/wp\/v2\/posts\/26432\/revisions\/26433"}],"wp:attachment":[{"href":"https:\/\/cfif.org\/v\/freedom_line_blog\/wp-json\/wp\/v2\/media?parent=26432"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/cfif.org\/v\/freedom_line_blog\/wp-json\/wp\/v2\/categories?post=26432"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/cfif.org\/v\/freedom_line_blog\/wp-json\/wp\/v2\/tags?post=26432"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}