Current:Home > StocksSenators slam Ticketmaster over bungling of Taylor Swift tickets, question breakup -AdvancementTrade
Senators slam Ticketmaster over bungling of Taylor Swift tickets, question breakup
View
Date:2025-04-16 03:02:24
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! (97478)
Related
- Average rate on 30
- Country Singer Jimmie Allen Denies “Damaging” Assault and Sexual Abuse Allegations From Former Manager
- Here's How North West and Kim Kardashian Supported Tristan Thompson at a Lakers Game
- 90 Day Fiancé: The Other Way Finale Sees Gabe Break Down in Tears During Wedding With Isabel
- Highlights from Trump’s interview with Time magazine
- Rihanna, Kaley Cuoco and More Stars Celebrating Their First Mother's Day in 2023
- Authorities are urging indoor masking in major cities as the 'tripledemic' rages
- China lends billions to poor countries. Is that a burden ... or a blessing?
- Megan Fox's ex Brian Austin Green tells Machine Gun Kelly to 'grow up'
- World Cup fever sparks joy in hospitals
Ranking
- Off the Grid: Sally breaks down USA TODAY's daily crossword puzzle, Triathlon
- Real Housewives of Beverly Hills' Kathy Hilton Shares Hunky Dory Mother’s Day Gifts Starting at $5
- All the TV Moms We Wish Would Adopt Us
- Jason Oppenheim Reacts to Ex Chrishell Stause's Marriage to G Flip
- Hackers hit Rhode Island benefits system in major cyberattack. Personal data could be released soon
- Tracy Anderson Reveals Jennifer Lopez's Surprising Fitness Mindset
- EPA’s Fracking Finding Misled on Threat to Drinking Water, Scientists Conclude
- New Hampshire Gov. Chris Sununu says he doesn't see Trump indictment as political
Recommendation
Mets have visions of grandeur, and a dynasty, with Juan Soto as major catalyst
In memoriam: Female trailblazers who leapt over barriers to fight for their sisters
Target Has the Best Denim Short Deals for the Summer Starting at $12
Rihanna's Latest Pregnancy Photos Proves She's a Total Savage
EU countries double down on a halt to Syrian asylum claims but will not yet send people back
The Bear's Jeremy Allen White and Wife Addison Timlin Break Up After 3 Years of Marriage
Can dogs smell time? Just ask Donut the dog
Why Gratitude Is a Key Ingredient in Rachael Ray's Recipe for Rebuilding Her Homes