" The Justice Department is investigating whether Ticketmaster’s parent company Live Nation has abused its power as the dominant force in the live music industry, The New York Times reports.
News of the investigation broke at the end of a chaotic week for Ticketmaster, which was unable to handle the massive demand for tickets for Taylor Swift’s “Eras Tour.” The Swift debacle, however, is just the latest instance where Ticketmaster/Live Nation has garnered scrutiny, with similar chaos and frustrations over wait times and price mark-ups surrounding ticket sales for artists like Harry Styles and Bruce Springsteen.
Despite the timing of the news, the DOJ’s antitrust division had already spent several months digging into Live Nation and Ticketmaster. Though specifics are scarce, the investigation appears to be looking at whether Live Nation does have a monopoly over the industry.
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Along with the reported investigation, this week saw calls from congress to look into Live Nation. Minnesota Senator Amy Klobuchar — who chairs the Senate Judiciary Subcommittee on Competition Policy, Antitrust, and Consumer Rights — sent a letter to Live Nation CEO Michael Rapino expressing concern over what she called a lack of competition in the live music industry. New York representative Alexandria Ocasio-Cortez also criticized the Live Nation/Ticketmaster “monopoly” and called to “break them up.” (After news of the DOJ investigation broke, AOC tweeted, “That was fast.”)"
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What perfect timing to announce this after this past week's fiasco with Taylor Swift concert tickets. Live Nation/Ticketmaster's monopoly needs to be broken up. Personal note: I did not get any tickets, despite spending hours trying.