DOJ Said To Have Launched Live Nation-Ticketmaster Investigation; Probe Reportedly Started Before Taylor Swift Ticket Sale Breakdown

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 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 did not immediately return a request for comment.

Ticketmaster could have avoided this if they had just sold tickets at the mall like the good old days...

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Taylor Swift tour ticket fiasco leads to calls for Ticketmaster and Live Nation to break upFans of Taylor Swift encountered a number of issues while trying to obtain tickets to the singer's latest tour via Ticketmaster. Blame scalpers they are the reason. All a ploy - she will buy one side of them. :) 🥰😍
Source: CNBC - 🏆 12. / 72 Read more »