Pearl Jam's Dispute with Ticketmaster

Case Study #5 Analysis: Pearl Jam's Dispute with Ticketmaster Students Name Institutional Affiliation A lawsuit was initiated by the rock band Pearl Jam against the Ticket master in regard to the Ticketmaster having violated rules. Pearl Jam argues that Ticketmaster has the intention of monopolizing the ticket service industry. Following the memorandum that was filled on 6th May 1994 with the Antitrust Division of the US department of justice, Pearl Jam claimed that Ticketmaster has an absolute monopoly in regard to the issuing of concert tickets (Buller & Schuler, 2012). Patent laws contribute to the creation of monopolies in innovations while copyrights bring together different monopolies of artistic works. In addition, Peral Jam has a legal monopoly regarding any performances or songs that they produce. On the other hand, Ticketmaster does not have a monopoly on tickets, but its rivals were unable to keep up with the competition. Therefore, Pearl Jam should not be filing a lawsuit against Ticketmaster because the company does not seem to have violated any rules. In addition, Ticketmaster is not a monopoly but happens to be offering services that consumers find preferable as compared to those being offered by other companies in the same industry. Ticketmaster focuses on securing long-term agreements by ensuring that all planned shows occur. However, they tend to charge a higher amount of money for their tickets, but this acts as an assurance that the shows will not be canceled. Considering its competitors, a company might issue tickets at a lower price and end up having a canceled show. Therefore, the fans part with a small amount of mone...