Senators slam Live Nation over Ticketmaster's dominance, botched Taylor Swift sale
Publishing timestamp: 2023-01-24 15:12:12
Summary
The Senate Judiciary Committee criticized Live Nation, which owns Ticketmaster, for its monopoly-like control over venues, artists and consumers. This criticism intensified after the botched sale of tickets to Taylor Swift's Eras Tour. Senators grilled Live Nation's chief financial officer about the company's dominance in the ticketing business. Industry witnesses described the company's control as a monopoly. The Justice Department has opened an antitrust investigation into Live Nation's practices. The hearing extended bipartisan focus on antitrust action by senators in recent years.
Sentiment: NEGATIVE
Tickers: LYV,
Keywords: technology, entertainment, business news, joe berchtold, business, movies, life, live nation entertainment inc, taylor swift, breaking news: business, politics,
Source: https://www.cnbc.com/2023/01/24/senate-committee-live-nation-ticketmaster-hearing.html