DOJ Said To Have Launched Live Nation-Ticketmaster Investigation; Probe Reportedly Started Before Taylor Swift Ticket Sale Breakdown
deadline.comLive Nation Entertainment, the parent company of Ticketmaster, is the focus of an antitrust investigation that predates the Taylor Swift ticket snafu this week, according to a report.
The investigation, according to The New York Times, is focusing on whether the company has abused its market power in the live events business.
Lawmakers on Capitol Hill already have been calling for closer scrutiny of Live Nation’s business practices. And in the wake of Ticketmaster’s website breakdown during ticket pre-sales earlier this week, Sen.
Amy Klobuchar (D-MN) fired off a letter to Live Nation Entertainment CEO Michael Rapino expressing “serious concerns about the state of competition in the ticketing industry and its harmful impact on consumers.” A DOJ spokesperson declined comment.
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