Live Nation CEO Defends Business Practices in Antitrust Trial

Live Nation CEO Michael Rapino defended the companys business practices in an antitrust trial, rejecting claims of monopolizing ticketing and promotions. He explained that exclusive contracts are standard competition to create the best service and that Live Nations mix of ticketing, promotions, and venues is common. Rapino addressed rising fees and prices, stating that amphitheaters rely on extra charges since artists take most ticket revenue. He also discussed a policy change allowing artists to sell eight percent of tickets to fan clubs to prevent rival ticketers from posing as clubs. Rapino admitted blocking fan club sales through a competitor site and turning down Adeles direct fan offer, but clarified they targeted ticketing firms, not the stars themselves. He denied pressuring venue owners into Ticketmaster exclusives or threatening to pull concerts, noting that billionaire arena owners make the decisions. During cross-examination, Rapino painted Live Nation as an artist ally that unified the industry and highlighted paying fifteen billion dollars to artists last year to offset show risks and enable profits. The trial continues as states challenge Live Nations market power.

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