House Commerce Subcommittee Grills Ticketmaster on “Potential Unfair or Deceptive Practices”
A second congressional committee has demanded answers from Live Nation Entertainment and Ticketmaster regarding concerns about “potentially unfair or deceptive practices” in ticketing, stemming from the recent Taylor Swift ticket sales chaos. Senior members of the House Energy and Commerce Committee expressed their concerns in a letter to Live... Read more
Dem. Senator Hints that Ticket Transparency Legislation is Coming
Minnesota Senator Amy Klobuchar hinted at the potential for upcoming legislation aimed at the ticketing industry, specifically related to increasing transparency for consumers. The Democrat indicated that something is in the works during a recent interview with NPR related to the Ticketmaster/Live Nation role in the Taylor Swift fiasco... Read more
Fans Sue Citing Deception, Fraud in Taylor Swift Tickets Fiasco
More than two dozen fans have filed lawsuits against Ticketmaster over the Taylor Swift tickets fiasco, alleging that the ticketing giant and Live Nation Entertainment subsidiary engaged in fraud, price fixing, antitrust violations, and even “intentional deception.” The lawsuit was filed in California – where both Ticketmaster and Live... Read more
Washington Commanders Settle MD Lawsuit Over Ticket Deposits
The Washington Commanders settled a lawsuit with Maryland’s Attorney General over the withholding of deposits that season ticket holders were owed. The team will return the deposits to consumers who have not yet received them back as required, and also pay a $250,000 settlement. Maryland AG Brian E. Frosh... Read more
Senators Push BOTS Inquiry As Taylor Swift Fallout Continues
A pair of U.S. Senators are asking the Federal Trade Commission about “bot” attacks in ticketing, questioning whether or not the nefarious software played a role in the disastrous Taylor Swift Eras Tour presale in November. Senators Marsha Blackburn (R-Tenn.) and Richard Blumenthal (D-Conn.), the Ranking member and Chair... Read more
Analyst: Live Nation Stock Would Fall 50% if Company Split
An analyst from Citi upgraded Live Nation’s stock (NYSE: LYV) forecast to “buy” Monday, but with it came qualifications that the company would take a huge hit if it were forced to split with Ticketmaster, as some are hoping will be done. Jason Bazinet lowered his price target for... Read more
U.S. Senate to Hold Hearing on Competition in Ticketing Industry
Senators Amy Klobuchar (D-MN) and Mike Lee (R-UT) announced plans to hold a hearing to examine the lack of competition in the ticketing industry in the wake of the Taylor Swift debacle that has dominated headlines for more than a week. The senators are the Chair and Ranking Member... Read more
Lawmakers Demand Ticketmaster Probe After Taylor Swift Fiasco
A consortium of House Democrats is calling on the Department of Justice to take action against Ticketmaster/Live Nation, with 31 signing a letter addressed to Attorney General Merrick Garland that was made public on Friday. The letter asks for Garland and the DOJ to open a formal investigation of... Read more
Skoufis, Others Question Ticket “Holdbacks” in Taylor Swift Mess
There is no question that a massive swell of demand is responsible for a lot of the mess that consumers experienced during this week’s Taylor Swift Eras Tour ticket sales disaster. With the artist fresh off a history-making week where she had all ten spots atop the Billboard singles... Read more
Justice Dept. Has Opened Anti-Trust Investigation of Live Nation
The Department of Justice has an open investigation regarding Live Nation Entertainment, according to sources of the New York Times. The investigation is focused on whether or not Ticketmaster’s parent company “has abused its power over the multibillion-dollar live music industry,” according to the newspaper. News comes amid a... Read more