Live Nation has been arguing that its subsidiary Ticketmaster doesn't set ticket prices; rather, performers and sports teams do Source
After years of complaints, it looks like the Justice Department is finally taking legal action against Ticketmaster's parent company.
The Justice Department reportedly plans to sue Live Nation, the ticket and entertainment giant, 14 years after it allowed Live Nation to acquire Ticketmaster. The Wall Street Journal reports the antitrust lawsuit will allege that Live Nation undermined competition for ticketing live events. NBC News' Brian Cheung reports.
The US Department of Justice is preparing to sue the country’s largest concert promoter and ticketing website Live Nation in the coming weeks for breaking America’s antitrust laws, the Wall Street Journal reported, citing anonymous sources familiar with the Justice Department’s plans. The lawsuit against Live Nation Entertainment, the parent company of Ticketmaster, will allege the ticketing company used its market-leading position to harm competition for live events, the Journal reported. But...
IPhone maker Apple on Friday denied violating a court order governing its App Store and urged a California federal judge to reject a request by Fortnite developer Epic Games to hold it in contempt. Apple made the arguments in a filing to U.S. District Judge Yvonne Gonzalez Rogers in Oakland, who presided over Epic's lawsuit in 2020 accusing Apple of violating antitrust law with its tight controls over how consumers download apps and pay for transactions within them. The Apple filing criticized...
Ming-Chi Kuo says Apple has reduced its orders for Apple Vision Pro parts and assemblies, with the cut in shipments said to indicate lower demand for Apple's headset than previously thought. Apple Vision Pro The launch of the Apple Vision Pro in the United States was a success, with shipment estimates in February being far better than Apple's original estimate. However, months later, it seems Apple is preparing for considerably lower consumer demand as it moves into international sales. ...
The Securities and Exchange Commission is illegally collecting data from American citizens who invest in the stock market, according to a lawsuit, per the New York Post.The report noted that New Civil Liberties Alliance filed the lawsuit on Tuesday against the SEC. The NCLA claimed that the agency, through its "Consolidated Audit Trail" program, is actively gathering mass amounts of personally identifiable data. The SEC is allegedly forcing brokers, exchanges, and clearing agencies to send...
Source: NurPhoto / Getty / Apple Vision Pro Not even Apple could make a big splash in the VR/AR space. According to reports, the company Steve Jobs built is slashing shipments of its latest product, the Apple Vision Pro. Reliable Apple analyst Ming-Chi Kuo claims that the tech giant is cutting Vision Pro shipments to 400,000-450,000 units while the market predicts 700,000–800,000 units or more. Apple’s headset allegedly flopping signals that the demand for the $3,500 headset was not as high...
If your Apple device is stolen, you’re probably wondering what you can do to get it back. Device thefts have become an increasingly common problem in recent years, with Apple products considered particularly lucrative targets for criminals looking to make some quick cash reselling your tech. The Met recently revealed that 57,174 mobile phones were reported stolen between October 2022 and October 2023 in London alone, with the figures indicating a 28% increase in mobile phone robbery in...
Apple may have stopped the production of its FineWoven accessories, according to a leaker. The accessories were introduced last year for Apple products, including iPhone 15 and Apple Watch Series 9.
Apple has stopped production of FineWoven accessories, according to the Apple leaker and prototype collector known as "Kosutami." In a post on X (formerly Twitter), Kosutami explained that Apple has stopped production of FineWoven accessories due to its poor durability. The company may move to another non-leather material for its premium accessories in the future. Kosutami has revealed accurate information about FineWoven accessories in the past. The leaker unveiled Apple's plans to...
After the European Commission forced Apple to open up iOS for third-party app stores in the EU, it seems like other countries are investigating Apple over antitrust and monopolistic practices. Most recently, news broke that Japan is looking to significantly increase fines for big corporations that engage in monopolistic practices. The current law in Japan suggests a penalty of 6% of sales, but policy makers are looking to increase that to 20%. A subsequent future failure to comply with the law...