Current:Home > StocksSenators slam Ticketmaster over bungling of Taylor Swift tickets, question breakup -Wealth Momentum Network
Senators slam Ticketmaster over bungling of Taylor Swift tickets, question breakup
View
Date:2025-04-18 11:20:42
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! (378)
Related
- Off the Grid: Sally breaks down USA TODAY's daily crossword puzzle, Hi Hi!
- Cop allegedly punched man 13 times after argument over masks
- With pandemic relief money gone, child care centers face difficult cuts
- Adults have a lot to say about book bans — but what about kids?
- The Super Bowl could end in a 'three
- 2 Palestinian militants killed in gunfight with Israeli troops in West Bank raid
- German customs officials raid properties belonging to a Russian national targeted by sanctions
- September sizzled to records and was so much warmer than average scientists call it ‘mind-blowing’
- Head of the Federal Aviation Administration to resign, allowing Trump to pick his successor
- Millions of people are watching dolls play online. What is going on?
Ranking
- Former Danish minister for Greenland discusses Trump's push to acquire island
- With pandemic relief money gone, child care centers face difficult cuts
- Chargers trade J.C. Jackson to Patriots, sending him back to where his career began, AP source says
- 3 scientists win physics Nobel for capturing very blurry glimpse of zooming electrons on the move
- Which apps offer encrypted messaging? How to switch and what to know after feds’ warning
- Judge orders central Indiana school shooter’s release into custody of parents
- Prosecutors focus on video evidence in trial of Washington officers charged in Manny Ellis’ death
- A $19,000 lectern for Arkansas Gov. Sarah Huckabee Sanders sparks call for legislative audit
Recommendation
Jamie Foxx gets stitches after a glass is thrown at him during dinner in Beverly Hills
Charges dropped against 'Sound of Freedom' crowd investor: 'There was no kidnapping'
You tell us how to fix mortgages, and more
Coach Outlet Just Dropped a Spooktacular Halloween Collection We're Dying to Get Our Hands On
Sonya Massey's father decries possible release of former deputy charged with her death
War and political instability will likely take center stage at a summit of European leaders in Spain
Maren Morris Reveals the Real Reason She Left Country Music
$1.2 billion Powerball drawing nears after 11 weeks without a winner