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
Antitrust Institute Plans D.C. Talk on Ticketing “Competition Issues”
The American Antitrust Institute has announced plans for an October event where experts will explore the modern ticketing ecosystem, and propose solutions to some of the major consumer problems it contains. The in-person roundtable will feature remarks from U.S. Senator Amy Klobuchar (D-MN) and a panel discussion before closing... Read more
U.S. Senators Urge DOJ to Probe “Near-Monopoly” of Live Nation
U.S. Senators Richard Blumenthal (D-CT) and Amy Klobuchar (D-MN) are urging the Department of Justice to investigate Live Nation’s “near-monopoly” in the live event ticket market. The Senators addressed their request in a letter to Jonathan Kanter, and Assistant Attorney General in the DOJ’s Antitrust Division. Their request centers... Read more
Assistant AG Confirms Live Nation Antitrust Investigation
At an antitrust enforcement oversight hearing held by the Senate Judiciary Subcommittee on Antitrust, Makan Delrahim, Assistant Attorney General for the Department of Justice Antitrust Division, confirmed that Live Nation (NASDAQ: LYV) is under investigation for alleged anti-competitive behavior and its adherence to a 2010 consent decree. While he... Read more
In an email sent to Pollstar, Live Nation dismissed last week’s call by a pair of senators for a hard look at the company by the Department of Justice (DOJ), accusing competitors of using misinformation related to their business practices and insisting that the DOJ has already been monitoring... Read more