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Business Apr 16, 2026

US Jury Rules Against Ticketmaster and Live Nation in Antitrust Case

A US jury has found that Ticketmaster and its parent company Live Nation had a harmful monopoly ove…
A New York jury has ruled against Ticketmaster and Live Nation, finding that the concert giant and its subsidiary had a harmful monopoly over big concert venues. The verdict is a significant loss for the companies, which were sued by dozens of states in the US over claims of anticompetitive practices.The jury deliberated for four days before reaching its decision, which could cost Live Nation and Ticketmaster hundreds of millions of dollars. The companies were found to have overcharged consumers in 22 states by $1.72 per ticket. The verdict also opens the door for potential penalties and sanctions, including court orders to divest some entities, such as venues.The civil case, initially led by the US federal government, accused Live Nation of using its reach to smother competition by blocking venues from using multiple ticket sellers. The company's lawyers argued that it is not a monopoly, saying that artists, sports teams, and venues decide prices and ticketing practices.Live Nation Entertainment owns, operates, controls booking for, or has an equity interest in hundreds of venues. Its subsidiary Ticketmaster is widely considered to be the world's largest ticket-seller for live events, controlling 86 percent of the market for concerts and 73 percent of the overall market when sporting events are included.The verdict marks a significant victory for fans and some artists who have long complained about Ticketmaster's high fees and limited competition. The company has faced criticism from artists such as Pearl Jam, which battled the business in the 1990s and filed an antimonopoly complaint with the US Department of Justice.
#Ticketmaster #Live Nation #US Jury
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News Apr 16, 2026

Trump's SAVE America Act: A Controversial Voting Law on the Brink of Passage

The SAVE America Act, backed by US President Donald Trump, aims to boost election security by requi…
The SAVE America Act, a sweeping voting law championed by US President Donald Trump, has become a contentious issue in the country's electoral landscape. The bill, which has garnered near-total support from Republicans, aims to enhance election security by imposing stricter documentation standards for proving citizenship when registering to vote and casting a ballot.At its core, the legislation seeks to require voters to provide proof of citizenship, such as a birth certificate or passport, when registering to vote. It also proposes implementing stricter voter identification requirements for individuals casting ballots, whether by mail or in person. The bill's passage is considered a top priority by Trump ahead of the midterm elections in November, which will determine which party controls the Senate and the US House of Representatives.However, critics argue that the bill will lead to widespread voter disenfranchisement, particularly among marginalized communities. They point out that about 11% of eligible voters lack access to birth certificates, while 52% do not have valid passports. This could potentially affect around 21.3 million people, according to a recent study by election-monitoring groups.The legislation has also raised concerns about its impact on women and individuals who have changed their names after marriage or for other reasons. An estimated 69 million women in the US lack easy access to documentation linking their current legal names to those at birth, according to the League of Women Voters, a leading opponent of the bill.The bill's fate remains uncertain, with Republicans needing to change the Senate's longstanding rules to pass the legislation, which currently requires 60 votes. Trump has urged Republican leaders to scrap the filibuster rule, writing on Truth Social in March that they need to 'Kill the Filibuster.' As debate continues in the Senate, major shifts in support appear unlikely, and it remains to be seen whether the bill will ultimately pass.
#vote #trump #voters
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World Economy Apr 15, 2026

Manhattan Jury Rules Live Nation and Ticketmaster Monopolized Major Concert Venues, Finding Ticket Overcharges

A federal jury in Manhattan concluded that Live Nation and its Ticketmaster unit maintain a harmful…
In a landmark decision, a Manhattan federal jury determined that Live Nation and its Ticketmaster subsidiary wield a monopolistic grip on major concert venues across the United States. The four‑day deliberation ended Wednesday with a finding that the ticket‑selling platform had overcharged buyers by $1.72 per ticket, a figure that will now be used by a judge to calculate total damages. The case, originally spearheaded by the federal government and later joined by dozens of states, accused Live Nation of leveraging its extensive venue network to stifle competition. Plaintiffs argued that the company barred venues from using alternative ticket sellers and retaliated against those that attempted to do so. Attorney Jeffrey Kessler, representing the states, called Live Nation a “monopolistic bully” that inflates prices for concertgoers. He cited the company’s control of 86% of the concert‑ticket market and 73% of the combined concert‑and‑sports market, underscoring the breadth of its influence. Live Nation, which reported over $22 billion in annual revenue, rejected the monopoly label, insisting that pricing decisions rest with artists, sports teams, and venue owners. Company counsel argued that the firm’s size reflects “excellence and effort,” not antitrust violations. The jury’s finding arrives amid a broader regulatory push. In 2024, the Federal Trade Commission required Ticketmaster to disclose ticket fees up front, prompting the company to eliminate a post‑checkout processing charge. However, a recent Guardian investigation revealed that Ticketmaster introduced alternative fees to offset lost revenue, raising questions about compliance with FTC rules. Earlier, the Department of Justice settled with Live Nation under the Trump administration, creating a $280 million settlement fund for participating states. The agreement also imposed caps on service fees at select amphitheaters and opened the door—though not the obligation—for venues to work with Ticketmaster rivals such as SeatGeek and AXS. More than 30 states declined the settlement and pursued the trial, arguing that the federal government’s concessions were insufficient. During the proceedings, Live Nation CEO Michael Rapino testified, including about the 2022 Taylor Swift ticket fiasco, which he attributed to a cyber‑attack. Internal communications from Live Nation executive Benjamin Baker surfaced, in which he described certain pricing practices as “outrageous” and disparaged customers as “so stupid,” later apologizing for the “very immature and unacceptable” remarks. Live Nation has announced its intention to appeal the verdict, stating confidence that the ultimate outcome will align with the original DOJ settlement framework. The case continues to spotlight the tension between dominant market players and antitrust enforcement in the live‑entertainment industry.
#ticketmaster #antitrust #ftc
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Sport Apr 15, 2026

Saudi Public Investment Fund's Funding Pull Puts LIV Golf's $5 bn Venture at Risk Ahead of New York Talks

Saudi Arabia’s Public Investment Fund is reportedly preparing to withdraw its $5 bn backing of LIV …
The future of the LIV Golf series hangs in the balance after Saudi Arabia’s Public Investment Fund (PIF) signaled a possible withdrawal of its multi‑billion‑dollar support. Executives were summoned to a high‑stakes meeting in New York this week, a development that follows growing speculation that the rebel tour could be shut down. While the fifth season’s sixth event in Mexico City is set to proceed on Thursday, the tournament is being eclipsed by reports that PIF intends to cut the tour’s funding. The tour has already faced challenges securing a merger with the PGA Tour despite a three‑year “framework agreement,” and the funding pull would exacerbate its financial strain. According to the PIF’s newly released five‑year economic strategy, the fund is prioritising sustainable domestic investments and has omitted sport from its seven key focus areas. This shift signals a move away from the “free‑spending, disruptive internationalism” that characterised the launch of LIV Golf in 2021. Since its inception, PIF has poured over $5 bn into the tour, but this year prize money and bonus payouts have already been slashed. High‑profile players such as Phil Mickelson, Dustin Johnson, Jon Rahm, Sergio García and Bryson DeChambeau initially defected from the PGA and DP World Tours, yet recent defections back to the PGA—including Brooks Koepka and Patrick Reed—highlight the tour’s precarious position. DeChambeau has yet to sign a new contract. A source familiar with the Saudi Ministry of Sports confirmed that the fund is redirecting its sports budget toward football and esports, with golf no longer a priority. The same source noted that PIF is ending its partnership with the Women’s Tennis Association, and the three‑year WTA Finals deal in Riyadh will not be renewed after its November expiry. The rumours ignited on Tuesday after journalist Ryan French posted on X that multiple sources warned of a “bombshell announcement” on LIV’s future, later suggesting the tour might be shutting down. LIV officials and players have not received any formal update. In Mexico, Sergio García told reporters they have only heard the same message from PIF chief Yasir al‑Rumayyan at the start of the year: that the project is a long‑term commitment, and that rumours are inevitable. Technical glitches, including an alleged power failure at the venue, forced the cancellation of pre‑tournament press conferences on Tuesday. Nevertheless, the pro‑am competition resumed on Wednesday at 8:30 a.m. local time, indicating that day‑to‑day operations continue despite the uncertainty. The outcome of the New York meeting could determine whether LIV Golf survives as a viable alternative to traditional tours or becomes another casualty of shifting Saudi investment priorities.
#liv #golf #tour
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World Economy Apr 15, 2026

Streaming Overload Turns Sports TV into a $800‑Plus Maze for Fans

The promise of a simple, all‑digital sports experience has unraveled into a fragmented market of mu…
Just a decade ago, cord‑cutters imagined a utopia where any game could be streamed on any device for a single, affordable price. Today, that vision has morphed into a bewildering web of platforms, blackouts and fees that strain even the most devoted fans. Major League Baseball illustrates the chaos. The Yankees’ local market now requires fans to juggle seven different providers, from traditional broadcasters to Apple TV and niche apps. A season‑long Gotham Sports App pass costs $119.99, while Amazon’s Prime Video charges $14.99 per month (or $139 annually) for exclusive rights to 21 Wednesday games. Netflix, at $19.99 per month, aired the opening‑night matchup between the Yankees and Giants. Adding these together, a die‑hard fan could face a bill of roughly $800 to watch every Yankees game this year, according to a calculation by The Athletic. Even Apple’s own streaming chief, Eddy Cue, admitted the market has regressed: “You used to buy one subscription, your cable subscription, and you got pretty much everything they had. Now, there’s so many different subscriptions, so I think that needs to be fixed.” MLB commissioner Rob Manfred proposes centralising local rights by 2028, hoping to curb the splintered landscape. Yet legacy broadcasters and tech giants continue to chase lucrative deals. The NBA’s recent 11‑year, $76 billion media contract with Disney/ESPN, Amazon and NBC underscores how high the stakes have become. Rights fees are increasingly volatile. ESPN reportedly paid $550 million annually for Sunday Night Baseball, only to see MLB strike a $10 million per‑year deal with Roku for the same slot. Netflix is said to spend $50 million per season for three years to air marquee events such as Opening Night and the Home Run Derby. The NFL, the most valuable league, embraces fragmentation as a revenue strategy, distributing games across CBS, Fox, NBC, ESPN/ABC, Prime Video, the NFL Network, YouTube and Netflix. By packaging boutique game bundles for streamers, the league extracts “significantly more money” beyond its core media rights. Beyond cost, the viewer experience is eroding. In‑game advertising now blankets pitches and ice rinks, while “hydration breaks” at the World Cup will feature mandatory ad slots. Streamers counter with ad‑free premium tiers, but those come at a premium comparable to airline baggage fees. Financial pressures are evident. Peacock added 44 million paying subscribers in Q4 2025, yet reported a staggering $552 million loss, largely due to expensive NBA and NFL rights. Dazn, another global sports streamer, has accumulated billions in operating losses since launch. Industry analysts warn that over‑commercialisation could alienate casual viewers, especially younger audiences with shrinking attention spans who prefer short‑form clips on platforms like TikTok. As Anthony Palomba of the University of Virginia notes, “The prospect of watching a three‑hour game versus getting bite‑sized highlights on TikTok is difficult.” Data‑driven, AI‑powered programmatic ads promise higher monetisation, turning moments—like Steph Curry’s game‑winning three‑pointer—into instant shopping opportunities. Amazon, for example, leverages its ecosystem to track the full consumer journey from view to purchase. One potential remedy is a consolidated “one‑stop‑shop” that bundles multiple sports feeds, aiming to reverse the so‑called “enshittification” of streaming services—a term coined by Cory Doctorow to describe platforms that sacrifice quality for profit. While nostalgia for the era of a single cable package persists, experts caution against romanticising the past. As former NBA commentator Jon Lewis observes, “The old days were complicated in their own ways; today’s challenge is to balance revenue with a sustainable, fan‑friendly experience.”
#mlb #nba #nfl
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Sport Apr 15, 2026

Sir Craig Reedie: The Architect of London's 2012 Olympic Bid

Sir Craig Reedie, a key figure in London's successful bid to host the 2012 Olympics, has died at th…
Sir Craig Reedie, who has died aged 84, was a pivotal figure in London's successful bid to stage the 2012 Olympics. As a member of the London Organising Committee for the Olympic Games from 2005 to 2013, he formed a highly effective partnership with Sebastian Coe, the bid leader, doing crucial work behind the scenes to secure the Games for London.Reedie's diplomatic skills and influential presence within the Olympic and Paralympic movement were instrumental in winning the support of British politicians and marshalling the votes of Olympic delegates. Coe credited Reedie with playing a vital role in London's bid success, saying that without his efforts, London might never have won the right to host the 2012 Games.Reedie's commitment to drug-free competition was unwavering. He was a founder board member of the World Anti-Doping Agency (Wada) in 2000 and served as its president from 2014 to 2019. During his tenure, he clashed with the then IOC president Thomas Bach over Russia's state-sponsored doping regime, ultimately leading to Wada banning Russia from all international competition in 2019.Reedie's sports career began as a leading badminton player. He later became president of the International Badminton Federation and successfully campaigned for the sport's inclusion in the Olympics. His administrative work in badminton led to his appointment as chair of the British Olympic Association (BOA) and later as a member of the International Olympic Committee (IOC), where he served as vice-president from 2012 to 2016.Throughout his career, Reedie was known for his tough but charming demeanor, earning him respect from his peers. He was knighted in 2006 and elevated to knight grand cross in 2018. The Sir Craig Reedie Badminton Centre in Glasgow was renamed in his honor in 2014.
#his #reedie #badminton
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World Economy Apr 15, 2026

Former Alabama Champion Luther Davis to Plead Guilty in $20 Million NFL Player Identity Loan Fraud

Former University of Alabama defensive lineman Luther Davis, a member of the 2010 national‑champion…
A former Alabama defensive lineman, Luther Davis, who helped the Crimson Tide win the 2010 national championship, is preparing to plead guilty to a multi‑million‑dollar loan fraud that hinged on impersonating NFL athletes. According to a criminal information filing by the U.S. Attorney for the Northern District of Georgia, Davis and his associate CJ Evins obtained at least thirteen fraudulent loans totaling $19,845,000. The defendants chose to waive a grand‑jury indictment and will enter guilty pleas at a hearing scheduled for 27 April. The scheme targeted lenders that specialize in financing athletes, notably Aliya Sports and All Pro Capital Funding, with loan brokerage services provided by Sure Sports. Three of the loans are detailed in the filing: $4.025 million was secured for a fictitious company linked to Cleveland Browns tight end David Njoku. $4.35 million was obtained for a sham entity tied to Green Bay Packers safety Xavier McKinney. $3.3 million was borrowed for a fabricated venture associated with Atlanta Falcons quarterback Michael Penix Jr. Investigators say the duo created shell companies with names resembling the players’ initials, opened bank accounts, and fabricated email addresses and driver’s licenses. Davis then attended virtual loan closings in disguise—often wearing wigs, makeup, or a durag—to pose as the athletes and convince notaries to certify the fraudulent documents. One closing on 22 January 2024 for the Njoku loan involved Davis presenting a counterfeit Georgia driver’s license that displayed the player’s photo alongside a number belonging to an unrelated Savannah resident. Similar deceptions occurred for the McKinney and Penix loans, with forged Florida and Georgia licenses respectively. The fraud mirrors a separate case in which First Farmers Bank & Trust sued an insurer after a $5.265 million loan, also brokered by Sure Sports, was discovered to have been signed with a fake Njoku identity. While it is unclear whether that loan is part of the thirteen identified in Georgia, the modus operandi aligns closely. Both Davis and Evins face charges of aggravated identity theft and conspiracy to commit wire fraud, offenses that carry potential sentences of up to 20 years in prison. Their attorneys declined to comment on the pending pleas. Beyond the courtroom, the case underscores vulnerabilities in niche financing markets that cater to professional athletes, highlighting how forged identities and shell corporations can be leveraged to extract substantial capital from lenders.
#davis #loan #filing
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Sport Apr 15, 2026

NFL Reporter Dianna Russini's Career Derailed by Vrabel Photos

The resignation of NFL reporter Dianna Russini after photos with Patriots coach Mike Vrabel sparked…
The recent controversy surrounding NFL reporter Dianna Russini and New England Patriots head coach Mike Vrabel has sparked a heated debate about gender bias in sports media. Russini, one of the NFL's most high-profile reporters, was photographed holding hands with Vrabel at a resort in Sedona, Arizona, leading to rumors and speculation about their relationship.Russini and Vrabel, both married to other people, denied any wrongdoing, but the damage was already done. Russini resigned from her post at The Athletic, while Vrabel continued to work as usual, with no apparent consequences. This double standard has raised questions about the way women are treated in sports media, particularly when they are attractive and outgoing.The internet was quick to point the finger at Russini, with many people criticizing her for allegedly crossing professional boundaries. The media scrutiny was intense, with People magazine even writing about the dynamics of her marriage. Meanwhile, Vrabel's job was seemingly unaffected, with Patriots vice-president of player personnel Eliot Wolf stating that Vrabel had been actively involved in the team's preparations for the NFL draft.The incident has highlighted the challenges faced by women in sports media, who often have to navigate a complex web of relationships with coaches, players, and other media professionals. Russini's situation has sparked concerns about the impact on women in sports media in general, with some wondering if the story will have a lasting effect on the industry.In contrast, male journalists and NFL staff have faced similar situations but have not suffered the same consequences. For example, NFL insider Adam Schefter was involved in a scandal in 2021 when an email was uncovered in which he asked a team president for approval for an unpublished article. Despite this, Schefter kept his job at ESPN and has continued to work as a trusted source of breaking news.The difference in treatment between Russini and Schefter has raised questions about the role of gender in sports media. While Schefter's value to ESPN was seen as too significant to let one issue end his career, Russini's career has been derailed by the controversy surrounding her relationship with Vrabel. As the NFL and sports media continue to evolve, it remains to be seen how this incident will impact the industry and the way women are treated in the future.
#russini #vrabel #nfl
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Sports Apr 15, 2026

Union Berlin Condemns Sexist Abuse Against Female Manager Marie-Louise Eta

Union Berlin has denounced sexist online abuse directed at Marie-Louise Eta, the first woman to tak…
Union Berlin has strongly condemned the sexist online abuse directed at Marie-Louise Eta, the club's newly appointed interim head coach. Eta made history by becoming the first woman to take charge of a men's Bundesliga team.Eta was appointed to lead the men's first team for the remainder of the season following the dismissal of Steffen Baumgart. Despite her significant achievement, her appointment has been met with derogatory and sexist comments on social media.The club has publicly pushed back against these comments, with Horst Heldt, Union's director of men's professional football, expressing full confidence in Eta. “We have 100 percent confidence in Loui, with complete conviction. I find it crazy that we have to deal with this in this day and age, that we have to justify ourselves,” he said.The club's communications director, Christian Arbeit, highlighted Eta's pragmatic approach to coaching, stating, “Marie-Louise Eta has a very pragmatic approach to all of this. She’s very conscious that it’s something special, but for her, football is in the foreground. She wants to work with the team, and she wants to be on the field.”Union Berlin's response to sexist comments on social media has been resolute. The club posted, “The Union family has her back.” They also labeled certain comments as sexist, including one that suggested players would not take a woman's instructions about tactics seriously.The decision to appoint Eta has received praise, including from Kai Wegner, Berlin's Mayor, who called it “a strong signal for professional football and for women in elite-level sports.”Eta will lead the team for the last five games of the season as Union aims to secure their spot in the Bundesliga for next season. Her long-term role at the club remains open, with Heldt not ruling out her continuing with the men's team beyond this season.
#union #eta #she
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