DOJ Investigation Uncovered Ticketmaster’s Practices Prior to Taylor Swift Controversy
The Department of Justice Investigating Live Nation’s Ticketmaster
The Department of Justice is reportedly investigating Live Nation, the parent company of Ticketmaster, to determine if they have been using their power unfairly in the live music industry. The investigation was initiated a few months ago and came to light following difficulties faced by Taylor Swift and Bruce Springsteen fans when trying to purchase tickets for their tours.
Are Live Nation’s Practices Monopolistic?
The DOJ’s antitrust division has been contacting music venues and key players in the ticketing market to gather information about Live Nation’s practices. There are concerns that Live Nation may have a monopoly in the live music sector.
Ticket Troubles and Chaos Ensue
Recently, the Ticketmaster website crashed as Taylor Swift fans attempted to buy tickets for her upcoming tour. The CEO of Live Nation’s major shareholder, Liberty Media, revealed that the site was overwhelmed with over 14 million requests, causing chaos for the 1.5 million legitimate fans.
The Fallout and Calls for Change
The ticketing chaos has led to demands for Live Nation to be dismantled, with Rep. Alexandria Ocasio-Cortez spearheading the movement. Senators Richard Blumenthal and Amy Klobuchar have also voiced concerns about competition in the ticketing industry. As the turmoil continues, Swift and other artists are speaking out against the challenges fans encounter when trying to secure tickets for their shows.
Engadget has reached out to Live Nation for comments, but the Department of Justice remains silent on their ongoing investigation.
