We show that for a particular class of quantum channels, which we call heralded channels, monogamy of squashed entanglement limits the superadditivity of Holevo capacity. Heralded channels provide a means to understand the quantum erasure channel composed with an arbitrary other quantum channel, as well as common situations in experimental quantum information that involve frequent loss of qubits or failure of trials. We also show how entanglement monogamy applies to non-classicality in quantum games, and we consider how any faithful, monogamous entanglement measure may bound the achievable value of entanglement-dependent quantities in many-party scenarios.