Live Nation “Monopoly,” Taylor Swift Ticket Debacle Take Center Stage In U.S. Senate Hearing - News Summed Up

Live Nation “Monopoly,” Taylor Swift Ticket Debacle Take Center Stage In U.S. Senate Hearing


Senators took aim at Ticketmaster and its parent company, Live Nation, with many arguing that it’s a monopoly that should be broken up. The original consent decree prohibited Live Nation from threatening to withhold concerts from a venue if that venue does not choose Ticketmaster for its sales. So these line items are essentially Live Nation negotiating to pay itself. whether they believed Live Nation was a monopoly, all said yes, other than Lawrence who said he was not sure. Still, the senators pledged to take action on the situation, with Lee leaving Live Nation with one more Swift song lyric to think about in his closing remarks.


Source: Daily Nation January 24, 2023 20:14 UTC



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