Current:Home > InvestSenators slam Ticketmaster over bungling of Taylor Swift tickets, question breakup -MoneyBase
Senators slam Ticketmaster over bungling of Taylor Swift tickets, question breakup
View
Date:2025-04-17 14:49:47
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.
veryGood! (8)
Related
- Buckingham Palace staff under investigation for 'bar brawl'
- Simone Biles floor exercise seals gold for U.S. gymnastics in team final: Social reactions
- How Stephen Nedoroscik delivered on pommel horse to seal US gymnastics' Olympic bronze
- A Pretty Woman Reunion, Ben Affleck's Cold Feet and a Big Payday: Secrets About Runaway Bride Revealed
- Why Sean "Diddy" Combs Is Being Given a Laptop in Jail Amid Witness Intimidation Fears
- August execution date set for Florida man involved in 1994 killing and rape in national forest
- Mississippi won’t prosecute a deputy who killed a man yelling ‘shoot me’
- 2024 Olympics: Gymnast Frederick Richard's Parents Deserve a Medal for Their Reaction to His Routine
- What do we know about the mysterious drones reported flying over New Jersey?
- 2024 Olympics: Swimmer Ryan Murphy's Pregnant Wife Bridget Surprises Him by Revealing Sex of Baby at Race
Ranking
- Opinion: Gianni Infantino, FIFA sell souls and 2034 World Cup for Saudi Arabia's billions
- 103 earthquakes in one week: What's going on in west Texas?
- 2024 Olympics: Gymnast Aly Raisman Defends Jade Carey After Her Fall at Paris Games
- A Pretty Woman Reunion, Ben Affleck's Cold Feet and a Big Payday: Secrets About Runaway Bride Revealed
- Travis Hunter, the 2
- Artificial turf or grass?: Ohio bill would require all pro teams to play on natural surfaces
- Orville Peck makes queer country for everyone. On ‘Stampede,’ stars like Willie Nelson join the fun
- International Human Rights Commission Condemns ‘Fortress Conservation’
Recommendation
The White House is cracking down on overdraft fees
Olympics 2024: Brody Malone's Dad Will Bring You to Tears With Moving Letter to Gymnast
Radical British preacher Anjem Choudary sentenced to life in prison for directing a terrorist group
Venezuelan migration could surge after Maduro claims election victory
Trump invites nearly all federal workers to quit now, get paid through September
US Army soldier accused of selling sensitive military information changes plea to guilty
Atlanta pulls off stunner, get Jorge Soler back from Giants while paying entire contract
Prosecutor opposes ‘Rust’ armorer’s request for release as she seeks new trial for set shooting