The U.S. Justice Department is probing Live Nation Entertainment Inc. and its Ticketmaster unit over whether the entertainment giant is abusing its power over the live music industry, three people familiar with the investigation said.
The probe comes amid a debacle for the ticketing giant, which was forced to cancel public sales for Taylor Swift’s upcoming tour after its site crashed earlier in the week during massive presale demand.
The new probe is separate from court-ordered monitoring of Ticketmaster that the government imposed in 2019 in response to previous antitrust complaints.“Live Nation takes its responsibilities under the antitrust laws seriously and does not engage in behaviours that could justify antitrust litigation, let alone orders that would require it to alter fundamental business practices,” the company said in a statement on its website on Saturday.
“Pursuant to the Amended Decree voluntarily entered in 2020, Live Nation’s compliance is monitored by a former federal judge,” the company said in the statement. “There never has been and is not now any evidence of systemic violations of the Consent Decree.” “Ticketmaster does not set or control ticket prices, strongly advocates for all-in pricing so that fans are not surprised by what tickets really cost, and is the undisputed market leader in ticket security and fighting bots,” Live Nation said. “Ticketmaster also does not embrace deceptive and questionable secondary ticketing practices prevalent on rival sites such as speculative ticketing.”
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
U.S. opened Live Nation probe before Taylor Swift ticket fiasco - BNN BloombergThe Justice Department is probing Live Nation Entertainment and its Ticketmaster unit over whether the entertainment giant is abusing its power over the live music industry, three people familiar with the investigation said.
Read more »
Ticketmaster cancels public sale for Taylor Swift tour after demand broke records and website | CBC NewsThe ticket-selling site, owned by Live Nation Entertainment, has cancelled Friday's public ticket sale for Taylor Swift's upcoming tour just days after millions of the pop-star's fans swarmed the site in search of pre-sale seats, causing periodic outages and lengthy wait times.
Read more »
Ticketmaster pulling plug on next Taylor Swift concert ticket saleTicketmaster says it is canceling Friday\u0027s planned sale for Taylor Swift\u0027s upcoming stadium tour because it doesn\u0027t have enough tickets.
Read more »
Ticketmaster cancels public sale for Taylor Swift's Eras Tour due to overwhelming demandAnyone looking to buy a ticket to Taylor Swift's new tour may be out of luck. Ticketmaster said on Thursday that 'due to extraordinarily high demands on ticketing systems and insufficient remaining ticket inventory to meet that demand,' tomorrow's public ticket sales for Taylor Swift | The Eras Tour has been cancelled.
Read more »
Ticketmaster cancels public sale for Taylor Swift's Eras Tour due to overwhelming demandTicketmaster said on Thursday that 'due to extraordinarily high demands on ticketing systems and insufficient remaining ticket inventory to meet that demand,' tomorrow's public ticket sales for Taylor Swift's Eras Tour has been cancelled.
Read more »
U.S. senator questions Ticketmaster after complaints about Taylor Swift salesTicketmaster faced questions on Thursday from a Democratic U.S. senator over its sales practices, two days after Taylor Swift fans complained about website outages and long waits to buy tickets to her upcoming U.S. tour.
Read more »