Live Nation seeks divorce from Ticketmaster after Taylor Swift concert failure
Joe Berchtold, President and CFO of Live Nation Entertainment, said: Senator Tuesday Grill In connection with last fall’s fiasco by Ticketmaster, the ticket sales department, Frustrating customers, didn’t get tickets to Taylor Swift’s next concert.
Legislators put executives on hot seats and asked about: whether the company was too dominant in the music industry It dominates the market across the live entertainment supply chain.
There are calls for Live Nation and Ticketmaster. Split to Cut Costs for Consumers and Allow More Competition in the industry. The two companies merged in 2010 under an agreement with regulators that promised to increase competition and reduce ticket prices. A 2019 DOJ review found that Live Nation did not live up to its promises.
David Balto, former Department of Justice Antitrust Division trial attorney and former FTC policy director, said: believes such a divorce is possible and beneficial to its customers and the industry.
