Current:Home > ContactSenators slam Ticketmaster over bungling of Taylor Swift tickets, question breakup -Zenith Profit Hub
Senators slam Ticketmaster over bungling of Taylor Swift tickets, question breakup
NovaQuant Quantitative Think Tank Center View
Date:2025-04-09 14:35:26
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! (7393)
Related
- Intel's stock did something it hasn't done since 2022
- Lucky You, Kate Spade Outlet Has Effortlessly Cool Crossbodies Up to 75% off, Plus Score an Extra 25% off
- These Cute Swimsuits From Amazon Are All Under $40 & Will Have You Ready for a Beach Day
- Cause of death for Thomas Kingston, Lady Gabriella's husband, is released: Reports
- Krispy Kreme offers a free dozen Grinch green doughnuts: When to get the deal
- 'Tremendously lucky': Video shows woman rescued from truck hanging from Louisville bridge
- Inter Miami vs. Orlando City updates: How to watch Messi, what to know about today's game
- Elon Musk sues OpenAI for choosing profits over 'the benefit of humanity'
- Taylor Swift makes surprise visit to Kansas City children’s hospital
- Viral article used AI to create photo of Disney World's Cinderella Castle on fire
Ranking
- McKinsey to pay $650 million after advising opioid maker on how to 'turbocharge' sales
- Inter Miami vs. Orlando City: Messi relied on too much, coach fears 'significant fatigue'
- Viral article used AI to create photo of Disney World's Cinderella Castle on fire
- Israel accused of opening fire on Gaza civilians waiting for food as Hamas says war death toll over 30,000 people
- South Korea's acting president moves to reassure allies, calm markets after Yoon impeachment
- Biden signs short-term funding bill to avert government shutdown
- Woman behind viral 'Who TF Did I Marry' series opens up in upcoming TV interview
- Where to watch Oscar-nominated movies from 'The Holdovers' to 'Napoleon'
Recommendation
South Korean president's party divided over defiant martial law speech
Have the Courage To Wear a Full Denim Look This Spring With Coach’s New Jean-Inspired Drop
Florida man pleads guilty to trafficking thousands of turtles to Hong Kong, Germany
Kansas City Chiefs WR Mecole Hardman denies leaking New York Jets' game plans
Working Well: When holidays present rude customers, taking breaks and the high road preserve peace
'Tremendously lucky': Video shows woman rescued from truck hanging from Louisville bridge
Celebrated stylemaker and self-named 'geriatric starlet' Iris Apfel dies at age 102
Stop Right Now and See Victoria Beckham’s Kids Harper, Brooklyn and Cruz at Paris Fashion Week Show