tDrama experienced by millions of people Taylor SwiftFans who could not get tickets for her ERAS tourHowever, due to Ticketmaster’s practices, I paid Ministry of Justice to open an investigation v. parent company, Live Nation Entertainment, por antitrust violations.
According to a report from The New York Times, the investigation will focus on whether The Living Nation abuses its power To harm fans of Swift or any other artist seeking concert tickets.
The investigation is already underway
The Justice Department had actually been investigating Live Nation for months, but the scandal Unleash what happened with the Swift Tourwhere Ticketmaster’s systems were down, made it more general and more urgent.
who are conducting the investigation Talking to music venues and other areas related to selling tickets To determine if Live Nation exercises a monopoly on the industry and Affects millions of fans.
Ironically, the merger between Live Nation and Ticketmaster occurred in 2010 and by the Ministry of Justicewhich is now investigating it.
A multi-billion dollar business that benefits very few
Before the pandemic, in 2019, Live Nation Organized 40,000 events worldwideIt sold 485 million tickets. According to LN’s latest annual report, the company had 100 managers working with more than 450 artists, but that was Taylor Swift does not manage.
By the end of that year, the Department of Justice found that Live Nation had violated several provisions, but A.J Settlement reached until 2025. It states that Live Nation is authorized to negotiate ticket agreements with venues.
In the case of Swift’s The Eras Tour, the scandal exploded when Ticketmaster Cancellation of ticket sales to the public, which takes place after the pre-sale and offers remaining seats. The problem is that file Resale has come to offer tickets For Swift’s tour Up to $100,000.
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