Current:Home > ContactRekubit-Senators slam Ticketmaster over bungling of Taylor Swift tickets, question breakup -FinanceMind
Rekubit-Senators slam Ticketmaster over bungling of Taylor Swift tickets, question breakup
Chainkeen View
Date:2025-04-07 17:28:59
It's been 13 years since the Justice Department allowed a merger between corporate giants Live Nation and RekubitTicketmaster to go through, creating the largest live event company in the country, if not the world. The deal was subject to an agreement with the government that set certain conditions and limitations on the companies' operations, in order to prevent the conglomerate from becoming a monopoly.
"They said in the hearing it was something like 87% of the entire ticketing industry," says Variety senior editor Jem Aswad, "and it's hard to make a case that that's not a monopoly." Aswad joined All Things Considered following a Senate Judiciary Committee hearing Tuesday that focused on whether, after a Taylor Swift ticketing debacle in the fall and years of criticism from artists over anticompetitive practices by the company, a breakup of the two companies should be seriously considered.
To hear the full conversation, use the audio player at the top of this page.
veryGood! (28)
Related
- Apple iOS 18.2: What to know about top features, including Genmoji, AI updates
- Winnebago County to pay $3.3 million to settle fatal police crash lawsuit
- Clemson coach Dabo Swinney apologizes for mental-health joke after loss at Miami
- Stranger Things' Joe Keary and Chase Sui Wonders Have Very Cheeky Outing
- Appeals court scraps Nasdaq boardroom diversity rules in latest DEI setback
- Zach Edey named unanimous AP preseason All-American, joined by Kolek, Dickinson, Filipowski, Bacot
- These six NBA coaches are on the hot seat, but maybe not for the reasons you think
- Names and ages of 5 killed written on scrap of paper show toll of Hamas-Israel war on Minnesota family
- South Korean president's party divided over defiant martial law speech
- Indonesia top court rejects presidential age limit, clearing legal path for 72-year-old frontrunner
Ranking
- How to watch new prequel series 'Dexter: Original Sin': Premiere date, cast, streaming
- Delayed homicide autopsies pile up in Mississippi despite tough-on-crime-talk
- South Korean auto parts maker plans $72.5M plant near new Hyundai facility in Georgia, hiring 500
- Pentagon rushes defenses and advisers to Middle East as Israel’s ground assault in Gaza looms
- What to know about Tuesday’s US House primaries to replace Matt Gaetz and Mike Waltz
- Autoworkers strike at Stellantis plant shutting down big profit center, 41,000 workers now picketing
- You Won't Be Able to Calm Down After Seeing Taylor Swift and Travis Kelce’s Post-Game Kiss
- Michael Irvin calls out son Tut Tarantino's hip-hop persona: 'You grew up in a gated community'
Recommendation
Angelina Jolie nearly fainted making Maria Callas movie: 'My body wasn’t strong enough'
Shay Mitchell Launches New BÉIS Plaid Collection Just in Time for the Holidays
Vermont State Police searching for 2 young men who disappeared
A new benefit at top companies: College admissions counseling
Paris Hilton, Nicole Richie return for an 'Encore,' reminisce about 'The Simple Life'
School shooting in Brazil’s Sao Paulo leaves one student dead
US Coast Guard continues search off Georgia coast for missing fishing vessel not seen in days
Prosecutor: Ex-police chief who quit in excessive force case gets prison term for attacking ex-wife