Senators slam Ticketmaster over bungling of Taylor Swift tickets, question breakup

2025-01-11 23:15:08 source: category:News

It's been 13 years since the Justice Department allowed a merger between corporate giants Live Nation and Ticketmaster to go through, creating the largest live event company in the country, if not the world. The deal was subject to an agreement with the government that set certain conditions and limitations on the companies' operations, in order to prevent the conglomerate from becoming a monopoly.

"They said in the hearing it was something like 87% of the entire ticketing industry," says Variety senior editor Jem Aswad, "and it's hard to make a case that that's not a monopoly." Aswad joined All Things Considered following a Senate Judiciary Committee hearing Tuesday that focused on whether, after a Taylor Swift ticketing debacle in the fall and years of criticism from artists over anticompetitive practices by the company, a breakup of the two companies should be seriously considered.

To hear the full conversation, use the audio player at the top of this page.

More:News

Recommend

NASCAR Hall of Fame driver Bobby Allison dies at 86

Bobby Allison, whose life in NASCAR included both grand triumphs and unspeakable heartbreak, died Sa

What the White House sees coming for COVID this winter

The U.S. should prepare for a spike in COVID cases this winter as more people gather indoors and inf

Christian McCaffrey's Birthday Tribute to Fiancée Olivia Culpo Is a Complete Touchdown

Olivia Culpo's birthday was a total win.The Culpo Sisters star turned 31 on May 8 and was showered w