Justice Department Readies Live Nation Antitrust Lawsuit Following Ticketmaster's Taylor Swift Debac

The U.S. Department of Justice is reportedly readying an antitrust lawsuit against Live Nation Entertainment which, according to the Wall Street Journal, they will file next month. The company will face scrutiny over accusations they've used their dominance of the market to undermine consumers. The news comes after the company's subsidiary Ticketmaster faced enormous backlash for its handling of Taylor Swift's Eras tour in 2022.




Following that incident, Joe Berchtold, Live Nation's president and chief financial officer, testified in front of the Senate. Lawmakers grilled him on a lack of transparency regarding ticket fees, the company's inability to block bot purchases of tickets, and more. Backlash towards the company came from both sides of the aisle.




Read More: U.S. Senate Addresses Ticketmaster In Hearing After Taylor Swift Debacle

Concert Ticket Industry Executives Testify In Front Of Senate

"The way your company handled ticket sales for Ms. Swift was a debacle, and whoever in your company was in charge of that should be fired," Republican Senator John Kennedy said at the time. "If you care about the consumer, cut the price! Cut out the bots! Cut out the middle people and if you really care about the consumer, give the consumer a break!" Democratic Senator Amy Klobuchar remarked: "To have a strong capitalist system, you have to have competition. You can't have too much consolidation - something that, unfortunately for this country, as an ode to Taylor Swift, I will say, we know 'all too well.'"




The Justice Department also previously accused Live Nation of bullying ticket venues into using Ticketmaster back in 2019. Be on the lookout for further updates on Live Nation on HotNewHipHop.




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via: https://www.hotnewhiphop.com/788644-justice-department-live-nation-antitrust-lawsuit-ticketmaster-taylor-swift