Sens. Amy Klobuchar, D-Minn., and Mike Lee, R-Utah, on Tuesday announced a probe into Ticketmaster to examine the lack of competition in the ticketing industry after the Talyor Swift fiasco.
Former Sony Music executive Seth Schachner joins 'Fox News @ Night' to examine the fallout from the Taylor Swift-Ticketmaster fiasco.were shut out from buying concert tickets for the Grammy-winner's upcoming"The Eras Tour."on Competition Policy, Antitrust, and Consumer Rights hearing to examine the lack of competition in the ticketing industry.
"Last week, the competition problem in ticketing markets was made painfully obvious when Ticketmaster’s website failed hundreds of thousands of fans hoping to purchase concert tickets. The high fees, site disruptions and cancelations that customers experienced shows how Ticketmaster’s dominant market position means the company does not face any pressure to continually innovate and improve," chairwoman Klobuchar said in a statement.
"I look forward to exercising our Subcommittee’s oversight authority to ensure that anticompetitive mergers and exclusionary conduct are not crippling an entertainment industry already struggling to recover from pandemic lockdowns," Lee said. "When there is no competition to incentivize better services and fair prices, we all suffer the consequences," said Sen. Amy Klobuchar.
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