Slashdot: Live Nation Avoids Ticketmaster Breakup By 'Open Sourcing' Their Ticketing Model

Live Nation Avoids Ticketmaster Breakup By 'Open Sourcing' Their Ticketing Model
Published on 2026-03-09T22:00:00Z
Live Nation reached a settlement with the U.S. Department of Justice that avoids breaking up its dominant live events empire with Ticketmaster. Instead, the deal requires changes like "open sourcing" their ticketing model and divesting some venues. NBC News reports: The company and the Justice Department reached a settlement on Monday, following a week of testimony during an antitrust trial that threatened to potentially separate the world's largest live entertainment company. [...] On a background call with reporters Monday, a senior justice official said the deal will drive down prices by giving both artists and consumers more choice. As part of the agreement, Ticketmaster will provide a standalone ticketing system that will allow third-party companies like SeatGeek and StubHub to offer primary tickets through the platform. The senior justice official described it as "open sourcing" their ticketing model. The company will also divest up to 13 amphitheaters and reserve 50% of tickets for nonexclusive venues. Ticketmaster is also prohibited from retaliating against a venue that selects another primary ticket distributor, among other requirements. Although a group of states have joined the DOJ in signing the agreement, other states can continue to press their own claims.

Comments

Slashdot: AT&T Now Lets Customers Lock Down Account To Prevent SIM Swapping Attacks

AT&T Now Lets Customers Lock Down Account To Prevent SIM Swapping Attacks Published on July 02, 2025 at 01:30AM AT&T has launched a new Account Lock feature designed to protect customers from SIM swapping attacks. The security tool, available through the myAT&T app, prevents unauthorized changes to customer accounts including phone number transfers, SIM card changes, billing information updates, device upgrades, and modifications to authorized users. SIM swapping attacks occur when criminals obtain a victim's phone number through social engineering techniques, then intercept messages and calls to access two-factor authentication codes for sensitive accounts. The attacks have become increasingly common in recent years. AT&T began gradually rolling out Account Lock earlier this year, joining T-Mobile, Verizon, and Google Fi, which already offer similar fraud prevention features. Read more of this story at Slashdot.

Slashdot: Protecting 'Funko' Brand, AI-Powered 'BrandShield' Knocks Itch.io Offline After Questionable Registrar Communications

Protecting 'Funko' Brand, AI-Powered 'BrandShield' Knocks Itch.io Offline After Questionable Registrar Communications Published on December 16, 2024 at 01:04AM Launched in 2013, itch.io lets users host and sell indie video games online — now offering more than 200,000 — as well as other digital content like music and comics. But then someone uploaded a page based on a major videogame title, according to Game Rant. And somehow this provoked a series of overreactions and missteps that eventually knocked all of itch.io offline for several hours... The page was about the first release from game developer 10:10 — their game Funko Fusion, which features characters in the style of Funko's long-running pop-culture bobbleheads. As a major brand, Funko monitors the web with a "brand protection" partner (named BrandShield). Interestingly, BrandShield's SaaS product "leverages AI-driven online brand protection," according to their site, to "detect...

Slashdot: Wells Fargo CEO Says More Job Cuts Coming at the Bank as AI Prompts 'Efficiency'

Wells Fargo CEO Says More Job Cuts Coming at the Bank as AI Prompts 'Efficiency' Published on December 11, 2025 at 12:15AM Wells Fargo expects more job cuts and higher severance costs in this quarter that ends in three weeks, bank CEO and President Charlie Scharf said Tuesday at an investors conference in New York. He's also betting on AI to drive efficiency and, eventually, further workforce reduction.From a report: "As we've gone through the budgeting process, and even pre AI, we do expect to have less people as we go into next year," Scharf said at the Goldman Sachs Financial Services Conference in New York City. "We'll likely have more severance in the fourth quarter." The fourth quarter runs Oct. 1 through Dec. 31 for the San Francisco-basaed bank. Wells Fargo already has shrunk from 275,000 employees to about 210,000 since Scharf joined the bank in 2019 -- about a 24% decrease. Its largest employee base remains in Charlotte, with about 27...

Shameless Plug

Search This Blog