Home Entertainment Congress to hold hearing on Ticketmaster problems after Taylor Swift debacle

Congress to hold hearing on Ticketmaster problems after Taylor Swift debacle

by News Desk
0 comment

Diane Bartz

Washington – The U.S. Senate Antitrust Committee will hold a hearing on the lack of competition in the ticket industry after Ticketmaster controlled ticket sales for Taylor Swift last week, the chairman of the committee said. Senator Amy Klobuchar said Tuesday.

Senator Klobuchar and the committee’s top Republican, Senator Mike Lee, did not provide a date for the hearing or a list of witnesses.

“The high fees, site disruptions and cancellations experienced by customers demonstrate that Ticketmaster is not facing pressure to continuously innovate and improve given its dominance in the market. ,” said Klobuchar. “We will hold public hearings on how the convergence of the live entertainment and ticketing industries hurts customers and artists.”

In a statement, Ticketmaster denied its anti-competitive practices and said it remained under a consent decree with the Justice Department after the 2010 merger, adding that it had no “evidence of systematic violations of the consent decree.” rice field.

“Ticketmaster has a large share of the primary ticketing services market, as there is a large gap between the quality of the Ticketmaster system and the next best primary ticketing system,” the company said.

Ticketmaster had previously blamed pre-sale problems for Swift’s first tour in five years, Ellas’ tour, on unprecedented demand and an effort by ticket scalpers to keep bots out.

Swift on Friday said it was “excruciating” to see fans struggling to secure tickets and was confident Ticketmaster would be able to accommodate the huge demand.

In a letter Monday, Mr. Klobuchar said Ticketmaster and owner Live Nation Entertainment, the event ticket giant behind the recent failure to sell Swift concert tickets, would have to He was one of three lawmakers who argued that it should be dismantled by the Justice Department. Ongoing investigation.

of DOJMore has proven aggressive in recent years to fight mergers by filing antitrust lawsuits against giant corporations, including an ongoing lawsuit against Google in December 2020.

You may also like

Leave a Comment

Copyright ©️ All rights reserved. | Canadian Trends