Rep. Alexandria Ocasio-Cortez has also said Ticketmaster is a monopoly that needs to be broken up.
After Taylor Swift called out Ticketmaster for its service failures during the sale for her Eras Tour, a Senate committee on antitrust regulations will hold a hearing to examine the lack of competition in the ticketing industry.that the competition problem became"painfully obvious" after Ticketmaster's website failed fans trying to buy the concert tickets.
“The high fees, site disruptions and cancellations that customers experienced shows how Ticketmaster’s dominant market position means the company does not face any pressure to continually innovate and improve,” Klobuchar said. “When there is no competition to incentivize better services and fair prices, we all suffer the consequences.”, Live Nation, which merged with Ticketmaster in 2010, said it takes antitrust laws seriously.
"The concert promotion business is highly competitive, with artist management in control of selecting their promoting team," the company said."The demand for live entertainment continues to grow, and there are more promoters than ever working with artists to help them connect with fans through live shows. The Department of Justice itself recognized the competitive nature of the concert promotion business at the time of the Live Nation-Ticketmaster merger.
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Congress to hold hearing on Ticketmaster problems after Taylor Swift debacleA U.S. Senate antitrust panel will hold a hearing on the lack of competition in the ticketing industry after Ticketmaster's problems last week managing the sale of Taylor Swift tickets, Senator Amy Klobuchar, chair of the panel, said on Tuesday.
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