Current:Home > NewsSenators slam Ticketmaster over bungling of Taylor Swift tickets, question breakup -Achieve Wealth Network
Senators slam Ticketmaster over bungling of Taylor Swift tickets, question breakup
View
Date:2025-04-16 06:27:53
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! (66835)
Related
- Head of the Federal Aviation Administration to resign, allowing Trump to pick his successor
- NSYNC reunites at VMAs, gives Taylor Swift award: 'You’re pop personified'
- Governor reacts to backlash after suspending right to carry firearms in public
- NSYNC reunites at VMAs, gives Taylor Swift award: 'You’re pop personified'
- Apple iOS 18.2: What to know about top features, including Genmoji, AI updates
- Wisconsin Republican leader asks former state Supreme Court justices to review impeachment
- Minneapolis budget plan includes millions for new employees as part of police reform effort
- Norwegian princess to marry American self-professed shaman
- EU countries double down on a halt to Syrian asylum claims but will not yet send people back
- Abortion rights group files legal action over narrow medical exceptions to abortion bans in 3 states
Ranking
- Selena Gomez engaged to Benny Blanco after 1 year together: 'Forever begins now'
- West Virginia trooper charged with domestic violence to be fired
- 'The Morning Show' is back, with a new billionaire
- Higher investment means Hyundai could get $2.1 billion in aid to make electric cars in Georgia
- Federal hiring is about to get the Trump treatment
- Lidcoin: The Rise and Impact of Central Bank Digital Currency (CBDC)
- What to know about renters insurance and what it does and doesn’t cover
- A prisoner who escaped from an NYC hospital using a rope made of sheets was captured a month later
Recommendation
In ‘Nickel Boys,’ striving for a new way to see
A Berlin bus gets lifted with the help of 40 people to free a young man pinned by a rear wheel
Baltic states ban vehicles with Russian license plates in line with EU sanctions interpretation
Simanic returns to Serbia with World Cup silver medal winners hoping to play basketball again
Alex Murdaugh’s murder appeal cites biased clerk and prejudicial evidence
Aaron Rodgers tore his Achilles tendon – here's what that injury and recovery looks like
Crimea shipyard burning after a Ukrainian attack and 24 are injured, Russian-installed official says
West Virginia trooper charged with domestic violence to be fired