Monopolistic Practices
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PS5 Players Could Get Compensation as Sony Slammed for Monopolistic Practices in UK Court
Sony is facing a £2 billion class-action lawsuit in the UK accusing the company of monopolistic practices related to digital game sales on the PlayStation 5. The lawsuit argues that Sony's closed ecosystem unfairly limits consumer choice and could result in compensation for up to 12.2 million UK players if Sony loses. The company defends its model by citing security risks of open storefronts and its low hardware profit margins.
Live Nation settlement avoids breakup with Ticketmaster
Live Nation has reached a settlement with the Department of Justice in its antitrust case, agreeing to pay $200 million to states and implement changes to its business practices, including creating a standalone ticketing system for third-party competitors. The company will also divest up to 13 amphitheaters and avoid retaliation against venues that choose other ticket sellers over Ticketmaster, thus avoiding a breakup with Ticketmaster.