Live Nation Entertainment is under investigation for potential abuse of power

It’s no secret that Taylor Swift fans felt offended earlier this week. The chaos that ensued as she tried to snag tickets for her upcoming tour sparked several hilarious memes. Luckily she is Speak Now Singer — and the US Department of Justice — have heard complaints loud and clear. On Friday (18.11.) the New York Times announced that an investigation will be launched against Live Nation Entertainment.

Specifically, officials hope to uncover “whether Live Nation Entertainment has abused its power over the multi-billion dollar live music industry.” The decision to start the investigation was in talks long before the problems with the epochs tour sale.

As pitchfork Notes, Live Nation and Ticketmaster merged in 2010. This led to the formation of Live Nation Entertainment. The Justice Department approved this on the condition that Ticketmaster would sell another company it owned to a rival company.

Additionally, the two companies’ task was to license their ticketing software to another competitor called the Anshutz Entertainment Group. However, in 2019, the Justice Department amended the previous agreement with LNE after finding that the original terms had been breached. When tickets to Swift’s concerts went on sale earlier this week via Ticketmaster’s Verified Fan program, fans thought the number of bots was getting a grip. However, due to unprecedented demands, the site faced technical difficulties that resulted in long wait times for users.

Consequently, the company has canceled the public sale date for Friday (November 18). This earned them an angry response from the midnight hitmaker.

“I will not apologize to anyone because we have asked them several times if they can handle this type of demand as we have been assured,” she wrote to her followers. “It’s really amazing that 2.4 million people got tickets. It really pisses me off that many of them feel like they went through multiple bear attacks to get them.”

When tickets first went on sale, rep Alexandria Ocasio-Cortez tweeted, “Daily reminder that Ticketmaster is a monopoly, it’s a merger with LiveNation that should never have been approved, and they need to be governed.” Break them open.”

Elsewhere, Senator Amy Klobuchar wrote an open letter to Ticketmaster President and CEO Michael Rapino. “I am writing to express serious concern about the competitive state of the ticketing industry and its detrimental impact on consumers,” she began.

“Reports of system outages, rising fees and complaints of behavior in violation of Ticketmaster’s Consent Decree indicate that Ticketmaster continues to abuse its market positions.”

Do you think Live Nation Entertainment should be investigated?



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