profile/5377instablog.png.webp
Instablog9ja
Why Zubby Michael And Mercy Johnson-Okojie Have Refused To Reply To My Call Out — Actress Angela Okorie
~0.3 mins read

Actress Angela Okorie has revealed why Zubby Michael and Mercy Johnson-Okojie have refused to reply to her call out.

She said they know she is saying the truth, and if they try anything more people will come out, so instead they go spiritual or they send people to p%ison or sh%t him,

Continue reading on Instablog

profile/2681Capture.PNG.webp
Investopedia
Live Nation Entertainment Stock Tumbles As DOJ Announces Antitrust Suit
~2.8 mins read

Ticketmaster parent Live Nation Entertainment's (LYV) stock moved sharply lower Thursday as the U.S. Department of Justice announced an antitrust suit against the ticketing and concert giant, as it seeks to break up the company.

The DOJ, along with attorneys general from 29 states and the District of Columbia, filed the suit against Live Nation on Thursday, accusing the company of using anticompetitive tactics to exert control over the live event industry.

“We allege that Live Nation relies on unlawful, anticompetitive conduct to exercise its monopolistic control over the live events industry in the United States at the cost of fans, artists, smaller promoters, and venue operators,” U.S. Attorney General Merrick Garland said.

“The result is that fans pay more in fees, artists have fewer opportunities to play concerts, smaller promoters get squeezed out, and venues have fewer real choices for ticketing services. It is time to break up Live Nation-Ticketmaster,” Garland added.

Shares of Live Nation Entertainment were down 8.0% at $93.30 at around 2:00 p.m. ET Thursday. The stock had already lost ground after reported lateWednesday that a lawsuit was imminent, and shares had previously tumbled last month when reported that the lawsuit was being prepared.

The government alleges that Live Nation uses its control over venues across the country to influence artists to perform at those it has a relationship with, along with intimidating venues and artists from choosing a ticketing and promotional service other than Ticketmaster.

The company's dominant position in the industry allows Ticketmaster and Live Nation to charge excessively high prices and tack on a number of fees that make tickets prohibitively expensive for many consumers, the DOJ alleges.

To remedy the situation, the DOJ is seeking to break up Live Nation Entertainment, which consists of Live Nation as the venue operator and show promoter, along with Ticketmaster, which sells tickets. The DOJ approved a merger of the two companies in 2010 on several conditions, including that Live Nation would not retaliate against venues and artists for choosing ticket sellers other than Ticketmaster, a condition it said in the complaint that Live Nation has violated.

Live Nation has repeatedly denied that it operates as a monopoly or retaliates against or threatens venues, artists, or other smaller event promoters. In a lengthy response to the DOJ's suit published Thursday, Live Nation said the DOJ is attempting to paint Ticketmaster as the sole reason ticket prices are high, when it says there are many more factors.

The company said Ticketmaster's 5% commission rate is one of the lowest across any digital marketplace, pointing to higher fees from companies like Uber (UBER), Stubhub, and Apple's (AAPL) App Store as evidence that it does not fit the definition of a monopoly that benefits from monopolistic prices.

Live Nation also referenced its relatively low profitability, especially compared to other tech giants the Biden administration has targeted in its antitrust push, including Meta Platforms (META), Apple, and Google parent Alphabet (GOOGL).

"Critically, Live Nation can offer and has offered fans, artists, venues and the rest of the performance ecosystem better prices and better services than they would receive if these complementary businesses were separated," the company said. "Ticketmaster in particular is a far better, more artist- and fan-focused business under Live Nation’s ownership than it ever was as a standalone company."

Do you have a news tip for Investopedia reporters? Please email us at tips@investopedia.com

Read more on Investopedia

profile/8082IMG_20220222_002314_848.jpg
Frankkie01

LAWSANAID SCHOOL OUTREACH 2024
~0.5 mins read
In commemoration of the Children's Day celebration, Lawsanaid Initiative presents a school outreach for special kids tagged "The frontiers of tomorrow."

The school outreach is set to happen in 2 different states (Enugu & Akwa Ibom) on 28th May, 2024.

We accept your kind donations and we're open to sponsorships for this outreach.
Donations can be made to the following account:

Account Name: Law Students with Disabilities Aid Initiative (LAWSANAID)
Account Number: 0057655585
Bank: Unity Bank

Through this outreach, we hope to support, encourage and empower students with disabilities to overcome challenges, unlock their potentials, and pursue their dreams.

For inquires, contact our Fundraising Manager 08130365976.
profile/5377instablog.png.webp
Instablog9ja
Breaking: Court Orders Suspension Of Sanusi II’s Re-instatement As Kano Emir
~1.2 mins read

Justice Ahmad Liman of the Federal High Court sitting in Kano has issued an order suspending the implementation of the amended Kano Emirate law of 2024.

With the order of the court, the reinstatement of Muhammadu Sanusi II as Emir of Kano will be put on hold.

According to a suit filed by Alhaji Aminu Bappa Dan Agundi (Sarkin Dawaki Babba) against the Kano State government before the court, the Applicant prayed for an order to suspend the implementation of the new law made by the Kano State House of Assembly.

Leadership reports that after listening to the Applicant, the court ordered that the implementation and the operation of the Kano State Emirate Council (Repeal) Law, 2024 (1445 A.H) be suspended.

Justice Liman ordered that, “An order of Interim Injunction of this Honourable Court suspending not giving effect to, not implementing the Operation of the Kano State Emirate Council (Repeal) Law 2024 (1445 A.H), as they affect all offices and institutions of all the Emirate Councils created under the provision of Kano State Emirate Council Law, 2019, (1441 A.H).

An order of Interim Injunction of this Honourable Court restraining the 5th – 8th Respondents from enforcing, executing, implementing and operationalising the Kano State Emirate Council (Repeal) Law 2024.

In the alternative to relief 3 above, an Order of Interim Injunction of this Honourable court for the maintenance and preservation of the subject matter and or the preservation of the status quo by all parties to this suit, pending the hearing and determination of the plaintiff/applicant’s Originating motion before this Honourable Court as well as AN ORDER of accelerated hearing on this matter.”

 

 

Continue reading on Instablog

profile/5377instablog.png.webp
Instablog9ja
FG Halts Lagos-Calabar Coastal Highway Realignment To Save Telecom Cables, Others
~1.2 mins read

The Federal Government has announced the realignment of Lagos-Calabar coastal highway.

Minister of Works Dave Umahi disclosed this in Lagos at the 3rd stakeholders meeting of the coastal highway project on Thursday, May 23, 2024.

He said the federal government is doing away with the proposed new route of the Lagos-Calabar coastal highway from kilometres 16 to 25 and reverting to the gazetted alignment to save the telecommunications infrastructure and submarine cables, among others at the axis. “We have three critical infrastructure that are located on one spot. One is the 2Africa submarine cable that cuts across 33 countries connecting about three billion people. That cable landed at Mopo and where it landed, the West African cable systems (WACS) had already been located there about 17 years ago.

We have a mega IPP which is to provide power to the 2Africa cable and the WACS cable. The power plant is a 50 megawatt power plant expected to support this infrastructure.

The (new) corridor is passing right on the submarine cable and the other side is on the IPP. You cannot have the submarine cables without power. They will not function. The submarine cable is a critical national security infrastructure. If it is affected, everybody will be affected,” he said. Umahi said President Bola Tinubu would flag off the road’s construction on Sunday, May 26.

According to him, “We have fully redesigned section one, which is 47 kilometres, and we can say that we’ve done everything possible to put human face by managing the alignment. We’ve taken hard decisions and we’re happy that our decisions are not harmful.

We have also concluded the design of the road. We are concerned about some houses in this Goshen Estate.”

 

 

Continue reading on Instablog

profile/5377instablog.png.webp
Instablog9ja
Why I’ve Never ‘workout’ With My Coworker In The Other Room — Lady
~0.2 mins read

A lady has revealed she has never ‘workout’ with her coworker in the other room.

She said it’s not a matter of disrespect but she refuse to have s+x with someone making the same living wage as herself.

Continue reading on Instablog

Loading...