The Justice Department is investigating Ticketmaster parent Live Nation, which sparked chaos and anger this week with a botched sale of tickets for Taylor Swift’s upcoming “Eras” tour, two people familiar with the matter confirmed to CBS News.
The investigation, which predates Ticketmaster’s failure with Taylor Swift ticket sales, is focusing on whether Live Nation is abusing its market dominance in the ticketing industry. ticketmaster siteInciting the anger of fans who waited for hours to get tickets, only to be disappointed.
According to The New York Times, the Justice Department’s Antitrust Division recently contacted music venues and participants in the ticketing industry to learn more about Live Nation’s practices, with a focus on whether the company’s industry monopoly or not. ,
This week’s Taylor Swift ticket-sales debacle has renewed calls for more scrutiny of the company. Several lawmakers called for an investigation into Live Nation and Ticketmaster, which sold more than 115 million tickets for events in the first nine months of the year, up 37% from 2019.
On Tuesday, Rep. Alexandria Ocasio-Cortez accused Ticketmaster of acting as a monopoly in ticket sales and called for the company to be broken up, with the New York Democrat tweeting that the 2010 merger between the company and Live Nation “should never happen.” Should have “approved.”
The site’s crash has triggered an investigation by Tennessee Attorney General Jonathan Skarmatian, who has launched an investigation into how Ticketmaster handled the incident.
After the accident, TicketmasterTaylor Swift tour.
The company said, “Due to exceptionally high demand on the ticketing system and insufficient remaining ticket inventory to meet that demand, tomorrow’s public sale for the Taylor Swift. Ares Tour has been canceled.” Tweeted,
—With reporting from CBS News’ Ed O’Keefe.