Current:Home > InvestSenators slam Ticketmaster over bungling of Taylor Swift tickets, question breakup -AssetScope
Senators slam Ticketmaster over bungling of Taylor Swift tickets, question breakup
Benjamin Ashford View
Date:2025-04-11 03:22:49
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! (625)
Related
- New Mexico governor seeks funding to recycle fracking water, expand preschool, treat mental health
- Justice Department threatens to sue Texas over floating border barriers in Rio Grande
- Gloomy global growth, Tupperware troubles, RIP HBO Max
- Billions in USDA Conservation Funding Went to Farmers for Programs that Were Not ‘Climate-Smart,’ a New Study Finds
- New data highlights 'achievement gap' for students in the US
- Proof Pregnant Kourtney Kardashian and Travis Barker Already Chose Their Baby Boy’s Name
- DeSantis seeks to control Disney with state oversight powers
- Euphora Star Sydney Sweeney Says This Moisturizer “Is Like Putting a Cloud on Your Face”
- Meet the volunteers risking their lives to deliver Christmas gifts to children in Haiti
- Sale of North Dakota’s Largest Coal Plant Is Almost Complete. Then Will Come the Hard Part
Ranking
- Opinion: Gianni Infantino, FIFA sell souls and 2034 World Cup for Saudi Arabia's billions
- SpaceX prepares to launch its mammoth rocket 'Starship'
- Ron DeSantis threatens Anheuser-Busch over Bud Light marketing campaign with Dylan Mulvaney
- Illinois Now Boasts the ‘Most Equitable’ Climate Law in America. So What Will That Mean?
- 'We're reborn!' Gazans express joy at returning home to north
- The loneliness of Fox News' Bret Baier
- Biden Tightens Auto Emissions Standards, Reversing Trump, and Aims for a Quantum Leap on Electric Vehicles by 2030
- Frustrated airline travelers contend with summer season of flight disruptions
Recommendation
Global Warming Set the Stage for Los Angeles Fires
City and State Officials Continue Searching for the Cause of Last Week’s E. Coli Contamination of Baltimore’s Water
The $1.6 billion Dominion v. Fox News trial starts Tuesday. Catch up here
Laid off on leave: Yes, it's legal and it's hitting some workers hard
'Most Whopper
The EPA Wants Millions More EVs On The Road. Should You Buy One?
The big reason why the U.S. is seeking the toughest-ever rules for vehicle emissions
Inside Clean Energy: Three Charts that Show the Energy Transition in 50 States