CNBC reports DOJ approves Livenation Ticketmaster merger

CNBC David Faber reports DOJ approves Livenation Ticketmaster merger

Good news for Livenation and Ticketmaster and bad new for record labels and bands who will no longer be able to get them to bid against each other. I am not really sure where the consumer comes out in all of this but if Ticketmaster is allowed to continue to have a closed loop system in paperless ticketing monopoly the fan will be the loser that much I do know.

Is there any other business where restriction of trade is allowed and the primary market ask the Govt to give them price protections and the consumer is not allowed to return the product in this a case a ticket for a refund and they are also not allowed to resell it to recoup their money. As Don King says only in America.