They wondered whether the company’s dominance in the ticketing industry led to its spectacular breakdown last year during a sale of Taylor Swift concert tickets.
Senators grilled Ticketmaster on Tuesday, questioning whether the company’s dominance in the ticketing industry led to its spectacular breakdown last year during a sale of Taylor Swift concert tickets.
Klobuchar said Ticketmaster’s market dominance means it faces little pressure to innovate and improve. Ticketmaster is the world’s largest ticket seller, processing 500 million tickets each year in more than 30 countries. Around 70% of tickets for major concert venues in the U.S. are sold through Ticketmaster, according to data in a federal lawsuit filed by consumers last year.
In 2010, Ticketmaster merged with Live Nation, a Beverly Hills, California-based entertainment company that produces live shows, festivals and concert tours.
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Senators to grill Ticketmaster after Taylor Swift fiascoSenators are expected to grill Ticketmaster, questioning whether the company’s dominance in the ticketing industry led to its spectacular breakdown last year during a sale of Taylor Swift concert tickets. Follow AP's coverage.
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Senators to grill Ticketmaster after Taylor Swift fiascoSenators are expected to grill Ticketmaster Tuesday, questioning whether the company’s dominance in the ticketing industry led to its spectacular breakdown last year during a sale of Taylor Swift concert tickets. U.S. Sen. Amy Klobuchar, a Minnesota Democrat, said the Senate Judiciary Committee hearing will focus on consolidation in the live entertainment and ticketing industries and how it harms customers. “For too long, consumers have faced high fees, long waits and website failures, and Ticketmaster’s dominant market position means the company faces inadequate pressure to innovate and improve,” Klobuchar said in a statement ahead of the hearing.
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Senators grill Ticketmaster after Taylor Swift fiasco'We apologize to the fans. We apologize to Ms. Swift.' Top executives in the ticketing industry are facing the Senate Judiciary Committee after Ticketmaster’s breakdown last year during a sale of Taylor Swift concert tickets.
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Congress set to question Ticketmaster in wake of Taylor Swift ticket dramaCongress set to question Ticketmaster over business practices in wake of Taylor Swift ticket drama. Senate Judiciary Committee set to hold hearing on Tuesday.
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Ticketmaster Plans to Blame Scalpers for Taylor Swift Debacle at Senate HearingLive Nation president and CFO Joe Berchtold will detail how disruption caused by bots makes ticket-buying worse for everyone, calling for government action.
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