Current:Home > StocksSenators slam Ticketmaster over bungling of Taylor Swift tickets, question breakup -Quantum Capital Pro
Senators slam Ticketmaster over bungling of Taylor Swift tickets, question breakup
View
Date:2025-04-15 07:27:36
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! (748)
Related
- Trump's 'stop
- Elizabeth Holmes testifies about alleged sexual and emotional abuse at fraud trial
- Megan Thee Stallion Makes Rare Red Carpet Appearance Nearly 3 Months After Tory Lanez Trial
- Spanish athlete emerges from cave after spending really amazing 500 days underground
- Travis Hunter, the 2
- Biden touts economic growth in Northern Ireland speech: Your future is America's future
- You're Gonna Love Our The Last of Us Gift Guide for a Long Long Time
- Facebook is rebranding as Meta — but the app you use will still be called Facebook
- Person accused of accosting Rep. Nancy Mace at Capitol pleads not guilty to assault charge
- Red Carpet Posing 101: An Expert Breaks Down How to Look Like a Star in Photos
Ranking
- Where will Elmo go? HBO moves away from 'Sesame Street'
- Pregnant Rihanna's 2023 Oscars Performance Lifted Up Everyone, Including A$AP Rocky
- Building the Jaw-Dropping World of The Last of Us: How the Video Game Came to Life on HBO
- The DOJ Says A Data Mining Company Fabricated Medical Diagnoses To Make Money
- Man can't find second winning lottery ticket, sues over $394 million jackpot, lawsuit says
- Tiny Tech Tips: The Best Wireless Earbuds
- Facebook will examine whether it treats Black users differently
- Memes about COVID-19 helped us cope with life in a pandemic, a new study finds
Recommendation
Sonya Massey's father decries possible release of former deputy charged with her death
A drone company is working to airlift dogs stranded by the volcano in La Palma
Why the Salesforce CEO wants to redefine capitalism by pushing for social change
Your Next iPhone Could Have 1 Terabyte Of Storage
Chuck Scarborough signs off: Hoda Kotb, Al Roker tribute legendary New York anchor
Google Is Appealing A $5 Billion Antitrust Fine In The EU
Fan Bingbing Makes Rare Appearance at 2023 Oscars 5 Years After Mysterious Disappearance
A Judge Rules Apple Must Make It Easier To Shop Outside The App Store