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Senate committee subpoenas Live Nation, Ticketmaster after months-long probe - TL;DR CNBC

Senate committee subpoenas Live Nation, Ticketmaster after months-long probe

Publishing timestamp: 2023-11-20 18:01:08


Summary

The Senate subcommittee has issued a subpoena to Live Nation Entertainment and its Ticketmaster subsidiary regarding ticket pricing and fees. The demand for information comes as part of an investigation into ticket sales for concerts by Taylor Swift and Bruce Springsteen. The subcommittee is seeking records related to Live Nation/Ticketmaster's failure to combat artificially inflated demand and consumers being charged exorbitant ticket prices. Live Nation has been accused of stonewalling the inquiry, leading to the issuance of the subpoena.


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Keywords: politicsmusicmichael rapinoproducts and serviceslive nation entertainment incentertainmentbusiness newsbreaking news: politics

Source: https://www.cnbc.com/2023/11/20/senate-subpoenas-live-nation-ticketmaster-amid-investigation.html


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