Current:Home > MarketsSenators slam Ticketmaster over bungling of Taylor Swift tickets, question breakup -Elevate Profit Vision
Senators slam Ticketmaster over bungling of Taylor Swift tickets, question breakup
View
Date:2025-04-16 00:40:29
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! (66)
Related
- Paris Hilton, Nicole Richie return for an 'Encore,' reminisce about 'The Simple Life'
- Hot air balloon crash leaves 3 injured in Indiana; federal investigation underway
- Michigan man driving during viral Zoom court hearing had license suspension lifted in 2022
- Spencer Wright’s Son Levi, 3, Being Taken Off Life Support After Toy Tractor Accident
- Angelina Jolie nearly fainted making Maria Callas movie: 'My body wasn’t strong enough'
- Epoch Times CFO charged with participating in $67M money laundering scheme
- Aubrey O'Day likens experience with Sean 'Diddy' Combs to 'childhood trauma'
- 'Holy cow': Watch as storm chasers are awe-struck by tornado that touched down in Texas
- Nevada attorney general revives 2020 fake electors case
- Arizona tribe temporarily bans dances after fatal shooting of police officer
Ranking
- Most popular books of the week: See what topped USA TODAY's bestselling books list
- Messi joins Argentina for Copa América: His stats show he's ready for another title run
- The Best Amazon Father’s Day Gifts of 2024 Guaranteed To Arrive Before the Big Day
- Michael Doulas visits Israel to show solidarity as war in Gaza continues
- Average rate on 30
- Brandon McManus released by Commanders days after being accused of sexual assault
- WNBA rookie power rankings: Caitlin Clark rises, Angel Reese owns the offensive glass
- Full transcript of Face the Nation, June 2, 2024
Recommendation
Chuck Scarborough signs off: Hoda Kotb, Al Roker tribute legendary New York anchor
NYC couple says they reeled in $100,000 in cash stuffed inside safe while magnet fishing: Finders keepers
A judge will mull whether an Arizona border rancher can face a new murder trial after dismissal
Why Miley Cyrus Can't Stop Working Out In Heels
Behind on your annual reading goal? Books under 200 pages to read before 2024 ends
Belmont Stakes 2024 odds, post positions and field: Sierra Leone is morning-line favorite
Cicadas are back, but climate change is messing with their body clocks
The Daily Money: Build-to-rent communities growing