It’s “shakeout” time as losses of Netflix rivals top $5 billion
arstechnica.com
Disney, Warner, Comcast, and Paramount are contemplating cuts, possible mergers.

It’s “shakeout” time as losses of Netflix rivals top $5 billion | Disney, Warner, Comcast, and Paramount are contemplating cuts, possible mergers.::Disney, Warner, Comcast, and Paramount are contemplating cuts, possible mergers.

  • chitak166@lemmy.worldEnglish
    11·
    11 months ago

    Blacklist them from the… real estate market?

    Lol. How exactly does that work? It’s the performers that make venues worth going to, not the venues themselves or the people selling the tickets.

    • ReallyActuallyFrankenstein@lemmynsfw.comEnglish
      7·
      11 months ago

      By creating near-universal exclusive contracts with venues and artists.

      Ticketmaster/LN offers venues ticketing access to fans who want to buy tickets. Because there’s no real competitor, the venues feel compelled to sign. The contracts have a provision that prohibits the venue from contracting with other ticket sellers.

      Ticketmaster/LN offers artists access to venues for a national tour. Because major venues have all contracted exclusively with Ticketmaster/LN, there is effectively no way to tour without participation of venues who exclusively use Ticketmaster/LN. It’s a fait accompli at this point, but Ticketmaster/LN also offer artists participation in their bogus fees, meaning artists get some extra money and don’t have to take the blame (Ticketmaster/LN takes the blame, and some extra profit). The artists’ contracts prohibit working with non-Ticketmaster/LN venues, further locking in the venues.

      Venues who do not participate are locked out of artists and fans. Sounds like a blacklist to me.

      • chitak166@lemmy.worldEnglish
        11·
        11 months ago

        So, it’s the artist’s fault for whoring themselves out to ticketmaster.

        Greed wins again!