‘They misuse their market power’: Four Corners to target Live Nation

Events giant Live Nation’s domination of the Australian live industry is set to be skewered on an upcoming episode of ABC’s Four Corners.

UPDATE: Live Nation hits back at ‘inaccurate and unbalanced’ Four Corners investigation

In a promo released on Thursday, the national broadcaster claims that Live Nation is “squeezing out local competition by acquiring smaller independent operators”.

“Over 1,300 venues have shut down and major festivals have been bought out, cancelled, and closed. Now, a Four Corners investigation reveals how the corporation — and its ticketing arm Ticketmaster — are maximising profits at the expense of both consumers and artists,” a press release reads.