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Venues sign exclusive deals with Ticketmaster they can't break. Three to fourteen years, terminable only for cause. DOJ alleges that if venues switch, they risk losing Live Nation concerts. By 2022, Ticketmaster controlled at least 70% of tickets at major venues. This is the story of how DOJ approved a merger in 2010—and the consent decree failed to stop the lock-in. The official who approved it promised competition would emerge. Her name was Christine Varney. Fourteen years later, the same Justice Department is suing to break them apart. Chapters: 0:00 - The Contract Lock 1:30 - Fred Rosen's Profit Center (1982) 4:33 - The San Diego Contract 7:02 - TradeDesk: The Double-Dipping Machine 9:07 - The Revenue Split Reality 12:28 - Christine Varney's Revolving Door 14:08 - Five Violations (2010-2019) 16:01 - Taylor Swift's Eras Tour Collapse 17:41 - Rapino's "Luxury Good" Defense 18:13 - Class Action Certified 19:31 - International Solutions 21:09 - The System Breaks Timeline: 1982: Fred Rosen transforms ticketing into profit center 2010: DOJ approves Live Nation-Ticketmaster merger 2019: DOJ finds 5 violations, extends consent decree Nov 2022: Taylor Swift presale collapse (3.5B requests) May 2024: DOJ files antitrust suit Dec 2025: Nationwide class action certified March 2026: Trial begins Sources: DOJ antitrust complaint (2024), consent decree filings, SEC proxy statements, CBC investigation, Senate Judiciary Committee testimony. #Ticketmaster #LiveNation