Current:Home > StocksSenators slam Ticketmaster over bungling of Taylor Swift tickets, question breakup -TradeGrid
Senators slam Ticketmaster over bungling of Taylor Swift tickets, question breakup
View
Date:2025-04-24 15:10:55
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! (32843)
Related
- McConnell absent from Senate on Thursday as he recovers from fall in Capitol
- 2024 NFL draft rankings: Caleb Williams, Marvin Harrison Jr. lead top 50 players
- Get an Extra 20% off Kate Spade Outlet & Score This Chic $299 Crossbody for $65, Plus More Deals
- Woman found slain 38 years ago in California identified with DNA testing
- IRS recovers $4.7 billion in back taxes and braces for cuts with Trump and GOP in power
- Fiery debate over proposed shield law leads to rare censure in Maine House
- TSA found more than 1,500 guns at airport checkpoints during 1st quarter of 2024, agency says
- Photos show damage, flooding as Southern states are hit with heavy rain and tornadoes
- DoorDash steps up driver ID checks after traffic safety complaints
- Video shows rare 'species of concern' appear in West Virginia forest
Ranking
- Kylie Jenner Shows Off Sweet Notes From Nieces Dream Kardashian & Chicago West
- O. J. Simpson's top moments off the field (and courtroom), from Hertz ads to 'Naked Gun'
- Famous bike from 'Zen and the Art of Motorcycle Maintenance' finds new (very public) home
- Man, teenage girl found dead in Wisconsin after shooting at officers, Iowa slaying
- 'Survivor' 47 finale, part one recap: 2 players were sent home. Who's left in the game?
- Photos show damage, flooding as Southern states are hit with heavy rain and tornadoes
- Alabama lawmakers advance bill to define sex based on reproductive systems, not identity
- A criminal probe continues into staff at a Virginia school where a 6-year-old shot a teacher
Recommendation
Meta releases AI model to enhance Metaverse experience
An ambitious plan to build new housing continues to delay New York’s state budget
Sister Wives' Janelle Brown Shares Heartbreaking Message on Late Son Garrison's Birthday
Sheryl Crow reveals her tour must-haves and essential albums, including this 'game changer'
Woman dies after Singapore family of 3 gets into accident in Taiwan
Thursday's NBA schedule to have big impact on playoff seeding
O.J. Simpson was the biggest story of the 1990s. His trial changed the way TV covers news
Disney lets Deadpool drop f-bombs, debuts new 'Captain America' first look at CinemaCon