The Department of Justice (DOJ)’s impending investigation into Live Nation and Ticketmaster’s alleged anti-competitive practices has ignited criticism from legislators, with Tennessee Senator Marsha Blackburn leading the charge against what she perceives as the exploitation of music fans.
In an exclusive statement to Fox News Digital, Senator Blackburn vowed to closely monitor the Department’s actions, emphasizing the need for the online ticket industry to better serve music enthusiasts across America. The Senator accused Ticketmaster and Live Nation of allowing ticket bots to snatch up tickets and resell them at inflated prices on the secondary market, while also condemning the sale of speculative tickets, which effectively do not exist, to unsuspecting fans.
Senator Blackburn, who has been a staunch advocate for songwriter and artist rights throughout her tenure, argued that the ticketing industry must realign its priorities to prioritize the interests of artists, venues and fans, rather than corporate profit margins.
Related: Ticketmaster Commits To End Hidden Fees After Biden’s “Junk Fees” Criticism
The scrutiny on Live Nation and Ticketmaster intensified following a recent report by the Wall Street Journal, which hinted at an imminent antitrust lawsuit against Live Nation. The lawsuit, expected to be filed as soon as next month, comes after years of accusations of anti-competitive behavior since the merger of Live Nation and Ticketmaster in 2010. This merger was followed by a controversial decision in 2019 to refine and extend their consent decree, amidst allegations of coercive tactics to force venues into using Ticketmaster.
Adding fuel to the fire, Representative Bill Pascrell of New Jersey recently brought attention to a suppressed study detailing what he described as “rampant corrupt and abusive practices” by the Live Nation-Ticketmaster monopoly. The report, originally filed as part of a lawsuit against Live Nation in 2019, allegedly exposes over a decade of anti-competitive tactics employed by the entertainment giant.
Source: Ticket News
Featured News
Electrolux Fined €44.5 Million in French Antitrust Case
Dec 19, 2024 by
CPI
Indian Antitrust Body Raids Alcohol Giants Amid Price Collusion Probe
Dec 19, 2024 by
CPI
Attorneys Seek $525 Million in Fees in NCAA Settlement Case
Dec 19, 2024 by
CPI
Italy’s Competition Watchdog Ends Investigation into Booking.com
Dec 19, 2024 by
CPI
Minnesota Judge Approves $2.4 Million Hormel Settlement in Antitrust Case
Dec 19, 2024 by
CPI
Antitrust Mix by CPI
Antitrust Chronicle® – CRESSE Insights
Dec 19, 2024 by
CPI
Effective Interoperability in Mobile Ecosystems: EU Competition Law Versus Regulation
Dec 19, 2024 by
Giuseppe Colangelo
The Use of Empirical Evidence in Antitrust: Trends, Challenges, and a Path Forward
Dec 19, 2024 by
Eliana Garces
Some Empirical Evidence on the Role of Presumptions and Evidentiary Standards on Antitrust (Under)Enforcement: Is the EC’s New Communication on Art.102 in the Right Direction?
Dec 19, 2024 by
Yannis Katsoulacos
The EC’s Draft Guidelines on the Application of Article 102 TFEU: An Economic Perspective
Dec 19, 2024 by
Benoit Durand