Taylor Swift music producer Jack Antonoff slams Live Nation CEO claims of ‘underpriced' concert tickets

Core Viewpoint - Acclaimed music producer Jack Antonoff criticizes Live Nation CEO Michael Rapino's assertion that concert tickets are underpriced, emphasizing the need for fair pricing and control over ticket sales [1][2] Group 1: Ticket Pricing and Market Dynamics - Rapino stated that the average concert ticket price is $72, contrasting it with higher prices for sports events, suggesting that concert tickets remain affordable [1] - Antonoff argues that selling tickets above face value should be illegal to prevent market chaos and protect fans [1][2] - The discussion comes amid a lawsuit from the Federal Trade Commission against Live Nation and Ticketmaster for allegedly collaborating with scalpers to inflate ticket prices [2][3] Group 2: Legal Challenges and Antitrust Issues - The FTC lawsuit claims that Live Nation's practices frustrate artists' efforts to keep ticket prices affordable, costing fans millions annually [3] - Live Nation is also facing a lawsuit from the U.S. Department of Justice for alleged antitrust violations, with claims that the company uses unlawful practices to maintain monopolistic control over the live events industry [4]