to get the conversation about why Ticketmaster controls so much of the live event industry going again, and now lawmakers have their sights on Live Nation, the site's parent company.over big companies, especially tech, LiveNation is set to be grilled by lawmakers eager to notch wins for consumers."LiveNation is so powerful that it doesn't even need to exert pressure, it doesn't need to threaten, because people just fall in line," said Sen.
"Restoring competition to our markets is about making sure that fans get fair prices and better service," she said. Sen. Richard Blumenthal urged LiveNation's CEO to do more to root out bots and if the previous agreement allowing the two companies to merge isn't working for consumers said there should be structural remedies like breaking LiveNation and Ticketmaster up: "Your approach seems to be it's everyone else who's responsible here, not us. I hope that approach will change in the future.
"The recent onsale experience with Taylor Swift, one of the world's most popular artists, has highlighted the need to address [ticket scalping] issues urgently," said Berchtold. "We were hit with three times the amount of bot traffic than we've ever experienced... This is what led to a terrible consumer experience, which we deeply regret.
It is literally impossible to buy a concert ticket under $100 these days. If i knew majority of higher ticket costs were going to the artist i would feel differently about it. Other than that the price is now budget prohibitive
Is the Taylor Swift photo from the hearing? Sorry I missed it.