Current:Home > reviewsSenators slam Ticketmaster over bungling of Taylor Swift tickets, question breakup -Smart Capital Blueprint
Senators slam Ticketmaster over bungling of Taylor Swift tickets, question breakup
View
Date:2025-04-17 12:27:06
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! (13262)
Related
- Charges tied to China weigh on GM in Q4, but profit and revenue top expectations
- Surfer suffers leg injury in possible shark attack at beach near San Francisco, police say
- Thieves steal $2,000 in used cooking oil from Chick-fil-A over the past few months
- Delaware man charged in kidnapping of 11-year-old New Jersey girl after online gaming
- Bodycam footage shows high
- Passengers from Cincinnati-bound plane evacuated after aborted takeoff at Philadelphia airport
- Best Buy set to stop selling DVD and Blu-ray discs
- Palestinian recounts evacuating from Gaza while her brothers, father stayed behind
- Former longtime South Carolina congressman John Spratt dies at 82
- Pepper X marks the spot as South Carolina pepper expert scorches his own Guinness Book heat record
Ranking
- SFO's new sensory room helps neurodivergent travelers fight flying jitters
- Boyfriend arrested after Northern California sheriff’s deputy found dead at her home
- As House goes into second weekend without new speaker, moderate House Democrats propose expanding temporary speaker's powers
- Boyfriend arrested after Northern California sheriff’s deputy found dead at her home
- From family road trips to travel woes: Americans are navigating skyrocketing holiday costs
- 'Netflix houses', where fans can immerse themselves in their favorite shows, will open in US by 2025
- Israel accused of using controversial white phosphorus shells in Gaza amid war with Hamas
- Stock market today: Asian shares sink as investors brace for Israeli invasion of Gaza
Recommendation
The Super Bowl could end in a 'three
Wisconsin Supreme Court asked to draw new legislative boundaries over Republican objections
Indonesia’s top court rules against lowering age limit of presidential, vice presidential candidates
Former MSU football coach Mel Tucker uses toxic tactic to defend himself
Trump invites nearly all federal workers to quit now, get paid through September
Former MSU football coach Mel Tucker uses toxic tactic to defend himself
David Brooks on his mission: To counter our nation's spiritual crisis
Germany notifies the EU of border controls at the Polish, Czech and Swiss frontiers