The Live Nation/Ticketmaster merger combined two monopolies, making buying concert tickets a nightmare. Now the Department of Justice is stepping in.
Given that Ticketmaster is essentially the only live-event ticket seller in America, the company is shockingly bad at what it does. Of the many times America’s virtual live-event ticketing monopoly has thoroughly screwed up, the botched presale for Taylor Swift ’s Eras Tour stands out.
Under the law, the agency is supposed to examine all corporate deals above a certain size and stop the ones that look dangerous or, as the law says, “tend to create a monopoly.” On that front, the Live Nation/Ticketmaster deal looked like it had obvious problems: For instance, the country’s de facto concert promotion monopoly wanted to buy a live-event ticketing monopoly, creating an even bigger monopoly.
U.S. Government Concerts Ticketmaster Taylor Swift Department Of Justice
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