Australia's ACCC monitors music industry concentration, potentially leading to fans paying more due to US DOJ's antitrust case against Live Nation.
Australia's competition watchdog, ACCC, is monitoring the music industry closely due to concentration of ownership, potentially causing fans to pay 20% more for live events. ACCC's CEO, Scott Gregson, confirmed the regulator is observing the US DOJ's antitrust case against Live Nation in April. The ACCC doesn't comment on ongoing investigations, but there's consistency between the US case and issues in Australia.
July 05, 2024
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