Current:Home > reviewsSenators slam Ticketmaster over bungling of Taylor Swift tickets, question breakup -MarketPoint
Senators slam Ticketmaster over bungling of Taylor Swift tickets, question breakup
View
Date:2025-04-15 00:41:08
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! (34664)
Related
- Bill Belichick's salary at North Carolina: School releases football coach's contract details
- ‘Rust’ armorer’s trial gives Alec Baldwin’s team a window into how his own trial could unfold
- I Shop Fashion for a Living, and These Are the Hidden Gems From ASOS I Predict Will Sell out ASAP
- Photos of male humpback whales copulating gives scientists peek into species' private sex life
- Elon Musk's skyrocketing net worth: He's the first person with over $400 billion
- White House, Justice Department unveil new plan to protect personal data from China and Russia
- These Are the 16 Best Supportive Swimsuits for Big Busts
- Detroit woman accused of smuggling meth into Michigan prison, leading to inmate’s fatal overdose
- Intellectuals vs. The Internet
- Ex-Virginia lawmaker acquitted of hit-and-run charges
Ranking
- Kylie Jenner Shows Off Sweet Notes From Nieces Dream Kardashian & Chicago West
- Embattled New York Community Bancorp gets $1 billion cash infusion, adds Steven Mnuchin to its board
- Senate committee advances bill to create a new commission to review Kentucky’s energy needs
- Amid Louisiana’s crawfish shortage, governor issues disaster declaration
- Former Danish minister for Greenland discusses Trump's push to acquire island
- Noah Lyles eyes Olympic sprint quadruple in Paris: 'I want to do all that'
- Rep. Dean Phillips, Minnesota Democrat, says he is suspending presidential campaign
- House passes government funding package in first step toward averting shutdown
Recommendation
Juan Soto to be introduced by Mets at Citi Field after striking record $765 million, 15
Kentucky GOP lawmakers override governor and undo efforts to prevent renter discrimination
Kentucky man says lottery win helped pull him out of debt 'for the first time in my life'
Two men fought for jobs in a river-town mill. 50 years later, the nation is still divided.
Trump suggestion that Egypt, Jordan absorb Palestinians from Gaza draws rejections, confusion
California’s closely watched House primaries offer preview of battle to control Congress
Why Dean Phillips' primary challenge against Biden failed
Teresa Giudice and Luis Ruelas' Marriage Is Under Fire in Explosive RHONJ Season 14 Trailer