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The U.S. Department of Justice is launching an antitrust investigation into Live Nation Entertainment, New York Times reports.Company that owns Ticketmaster faces heightened scrutiny after fans try to buy tickets to Taylor Swift’s Journey Through Time. According to the survey, era“the concern is whether Live Nation Entertainment has abused its power over the multibillion-dollar live music industry.” However, the decision to launch an investigation reportedly preceded the Eras Tour ticket issue.
Live Nation and Ticketmaster merged in 2010 to create Live Nation Entertainment.Ministry of Justice accept the merger The condition is that Ticketmaster sells another ticketing company it owns to a rival company. In addition, it must license its ticketing software to another competitor, Anschutz Entertainment Group. In 2019, the Department of Justice Modified the agreement Partnered with Live Nation Entertainment after the company was found to be violating the terms of the original deal.
Tickets for Taylor Swift’s tour went on sale earlier this week Ticketmaster’s Verified Fan Programwhich is to limit the number of robot Who can grab the tickets before the real fans.However, the demand is unprecedented, and User encounters technical difficulties And the long wait times for ticket opportunities. As a result, Ticketmaster has canceled today’s public ticket sale date for the tour.
In a statement today, Swift wrote: “I’m not going to make excuses for anyone because we’ve asked them multiple times if they can handle the demand, and we’re sure they can. 2.4 million people got tickets, and that’s a lot of money. It’s really amazing, but it annoys me that a lot of them feel like they’ve had a few bear attacks to get their tickets.”
Earlier this week, on the day Swift tickets went on sale, Rep. Alexandria Ocasio-Cortez tweets“Daily reminder that Ticketmaster is a monopoly and its merger with LiveNation should not have been approved, they need to be ruled. Break ’em.”
Additionally, Senator Amy Klobuchar written in a letter To Michael Rapinoe, President and CEO of Ticketmaster, “I am writing to express my serious concerns about the state of competition in the ticketing industry and its harmful The complaint demonstrates that Ticketmaster continues to abuse its market position.”
Pitchfork has reached out to representatives of Live Nation and Ticketmaster for comment.
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