Politicians are gunning for Live Nation with the threat of a new DOJ probe.
, the connection between the pop star and the politicians’ probe is probably starting to feel tangential. And despite Live Nation president and CFO’s efforts to shift blame for Swift’s disastrous ticket sale from Ticketmaster to scalpers and bots, most everyone else involved was focused on the m-word — monopoly.
For the senators, it hardly matters. Perception is reality and poor perception could lead to serious issues for Live Nation and Ticketmaster. Whether or not the companies’ dominance is a problem in the market, Ticketmaster is widely so despised that it has clearly become an easy target for rare bipartisan political action propelled by incredible public support.
Hinting that DOJ anti-trust attorneys appointed by Biden are once conducting another review of the company’s compliance with the consent decree, Blumental warned that any violations found during the current review would be grounds for splitting the company in two.
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