via Billboard Biz
by Glenn Peoples
An anti-competition case dating back a decade may have finally concluded with a 63-page decision that Clear Channel/Live Nation does not have a monopoly on rock concerts. On Monday the judge in the case granted summary judgment on motions regarding the Denver and Los Angeles markets and granted the defendant’s motion to dismiss the testimony of Dr. Owen R. Phillips.
[...]
The judge found plenty of problems with the expert report submitted for the plaintiffs by Dr. Owen R. Phillips, a professor of economics at the University of Wyoming. One interesting piece of the judge’s 63-page order describes how Dr. Phillips calculated damages in Los Angeles ($70.6 million) and Denver ($21.7 million) by calculating the difference in prices for rock concerts promoted by Live Nation and its competitors. But as the judge noted, Dr. Phillips didn’t account for other explanations for the price disparity such as artist popularity or venue size.
Read full story at Billboard Biz
Comments are closed.