Current:Home > StocksSenators slam Ticketmaster over bungling of Taylor Swift tickets, question breakup -AssetLink
Senators slam Ticketmaster over bungling of Taylor Swift tickets, question breakup
View
Date:2025-04-15 04:00:17
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! (793)
Related
- Costco membership growth 'robust,' even amid fee increase: What to know about earnings release
- Trial date set for former Louisiana police officer involved in deadly crash during pursuit
- Updated COVID shots are coming. They’re part of a trio of vaccines to block fall viruses
- Trial date set for former Louisiana police officer involved in deadly crash during pursuit
- 'Squid Game' without subtitles? Duolingo, Netflix encourage fans to learn Korean
- Police fatally shoot man who was holding handgun in Idaho field
- How Germany stunned USA in FIBA World Cup semifinals and what's next for the Americans
- Greece hopes for investment boost after key credit rating upgrade
- The company planning a successor to Concorde makes its first supersonic test
- Missouri constitutional amendment would ban local gun laws, limit minors’ access to firearms
Ranking
- A South Texas lawmaker’s 15
- NFL begins post-Tom Brady era, but league's TV dominance might only grow stronger
- Biden, Modi and EU to announce rail and shipping project linking India to Middle East and Europe
- Israeli army kills 16-year-old Palestinian in West Bank, claiming youths threw explosives
- 2 killed, 3 injured in shooting at makeshift club in Houston
- EXPLAINER: Challenges from intense summer heat raise questions about Texas power grid’s reliability
- A southern Swiss region votes on a plan to fast-track big solar parks on Alpine mountainsides
- College football Week 2 highlights: Alabama-Texas score, best action from Saturday
Recommendation
The 401(k) millionaires club keeps growing. We'll tell you how to join.
Celebrity couples keep breaking up. Why do we care so much?
US, Canada sail warships through the Taiwan Strait in a challenge to China
Stabbing death of Mississippi inmate appears to be gang-related, official says
Friday the 13th luck? 13 past Mega Millions jackpot wins in December. See top 10 lottery prizes
Affirmative action wars hit the workplace: Conservatives target 'woke' DEI programs
Greek ferry crews call a strike over work conditions after the death of a passenger pushed overboard
Moroccan villagers mourn after earthquake brings destruction to their rural mountain home