“It’s not an accident that musicians are struggling to make a living in Australia and one of the key reasons that’s driving that is that over the past few decades, a group of just three major companies has come to control an estimated 85% of the Australian live music market,” Cerro told the inquiry.

“For those companies, as opposed to musicians, live music is a very lucrative business model … Live Nation has made a net profit of over [US]$55m in the last financial year alone.

“And it’s largely done that through a kind of Amazonification of live music … Live Nation not only controls ticketing, but festivals, music agencies and, increasingly, music venues. What that does is give them unprecedented power over musicians and their audiences.” https://www.theguardian.com/culture/article/2024/jul/26/australia-live-music-industry-inquiry-amazonification-anti-competitive-behaviour-allegations-live-nation-teg