WA government gave $8m to Live Nation Entertainment to subsidise Coldplay concerts

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WA government gave $8m to Live Nation Entertainment to subsidise Coldplay concerts
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Contribution adds to $16m previously reported that was given to Live Nation or companies it owns by state and federal governments

The Western Australian government has paid millions of dollars to Live Nation Entertainment and its subsidiaries over the past four years, including $8m to subsidise two live concerts by Coldplay.

Sign up for Guardian Australia’s free morning and afternoon email newsletters for your daily news roundup Live Nation controls some of the country’s largest live music venues, including Melbourne’s Festival Hall and Palais Theatre, Brisbane’s Fortitude Music Hall in Brisbane and Adelaide’s Hindley Street Music Hall.

A spokesperson said the premier had contact with many WA business people and a broad range of Western Australians. Cook’s spokesperson said tender processes for government-supported events were run at arm’s length of the premier and tourism minister, in accordance with procurement policies. In the US, it is estimated that Live Nation concerts and events account for 32.2% of the country’s total industry revenue. On the ticketing side of business, market domination by Ticketmaster is believed to stand at about 70%.that Live Nation relies on “unlawful, anticompetitive conduct” to exercise monopolistic control over the live events industry, at the cost of fans, artists, smaller promoters and venue operators.

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