Live Nation Entertainment, the parent company of Ticketmaster, is the focus of an antitrust investigation that predates the Taylor Swift ticket snafu this week, according to a report.
The investigation, according to The New York Times, is focusing on whether the company has abused its market power in the live events business.
Lawmakers on Capitol Hill already have been calling for closer scrutiny of Live Nation’s business practices. And in the wake of Ticketmaster’s website breakdown during ticket pre-sales earlier this week, Sen.
Amy Klobuchar (D-MN) fired off a letter to Live Nation Entertainment CEO Michael Rapino expressing “serious concerns about the state of competition in the ticketing industry and its harmful impact on consumers.” A DOJ spokesperson declined comment.
Read more on deadline.com
Get the latest stars news and celebrity rumours with exclusive stories, photos, videos and interviews.
Breaking up, scandals, engagements, divorces, gossip – all you need to know about the private lives of your favorite celebs.
Get to know the latest showbiz news along with exclusive interviews and even more. All this is waiting for you on the main page 24 hours a day, 7 days a week! Who, where, when, with whom, how, why and for what!? Stay tuned to know first!
Just follow us daily and we will provide you with the current news from the life of famous stars and celebrities.
Owner: SNOWLAND s.r.o.
Registration certificate 06691200
Address:
Snowland s.r.o.
16200, Na okraji 381/41, Veleslavín, 162 00 Praha 6
Czech Republic
©2024. All rights reserved.