Redditors have been buzzing about the US Justice Department seeking to break up Live Nation-Ticketmaster. The news has sparked lively discussions on the platform, with users expressing both support and skepticism.
Summary
- Redditors divided on the effectiveness of the breakup
- Criticism directed at previous government approvals
- Call for action against other corporate monopolies
Redditors’ Reactions
Many Redditors expressed support for breaking up Live Nation-Ticketmaster, citing the detrimental effects of the merger on consumers. User kylander captured the sentiment, stating, “Few companies deserve to be smashed to pieces more than Ticketmaster.”
Government Response
Some users, like Jensen2075, criticized the government’s past decisions, arguing that the merger should never have been approved in the first place. This sentiment was echoed by others who questioned the FTC’s role in allowing the consolidation.
Corporate Influence
Others, such as b_tight, called for broader action against corporate-owned entities beyond Live Nation-Ticketmaster. This user highlighted the impact of telecommunications policies on the music industry, emphasizing the need for regulatory scrutiny.
Final Thoughts
The diverse reactions from Redditors reflect the complexity of addressing corporate monopolies in the entertainment industry. While some applaud the Justice Department’s move, others remain skeptical about the effectiveness and scope of the breakup.