Ticketmaster’s Taylor Swift fiasco sparks Senate antitrust hearing
After the presale mess, Klobuchar and Sen. Richard Blumenthal said they were concerned about"the state of competition in the ticketing industry." Others, including Rep. Alexandria Ocasio-Cortez called for Ticketmaster's parent, Live Nation, to be broken up.
Along with selling event tickets, the company owns and operates many venues and manages several major artists. Last week, it was reported that the Department of Justice has been“Last week, the competition problem in ticketing markets was made painfully obvious when Ticketmaster’s website failed hundreds of thousands of fans hoping to purchase concert tickets.
Ticketmaster has said it's adhering to a 2010 consent decree it has with the DOJ that allowed its merger with Live Nation to go ahead. “Ticketmaster has a significant share of the primary ticketing services market because of the large gap that exists between the quality of the Ticketmaster system and the next best primary ticketing system,” it added in a statement toAll products recommended by Engadget are selected by our editorial team, independent of our parent company.
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