Congress is saying “I Knew You Were Trouble” to Live Nation Entertainment (LYV). Capitol Hill ramped up its fight against the parent company of Ticketmaster during a Senate Judiciary Committee hearing on Tuesday following November’s fiasco with Taylor Swift concert tickets. The hearing included testimony from high-profile witnesses such as Live Nation Entertainment President and CFO Joe Berchtold, SeatGeek CEO Jack Groetzinger, and JAM Productions CEO and President Jerry Mickelson, among… Source link
Read More »Lawmakers, legal experts urge for Ticketmaster breakup
The Taylor Swift saga was a black mark for Ticketmaster’s parent company, Live Nation Entertainment (LYV). A report from The New York Times last week said the Justice Department has opened an antitrust investigation into the entertainment giant. Senators Richard Blumenthal (D-CT), Amy Klobuchar (D-MN) and Edward Markey (D-MA) called for congressional hearings into the company. “If the investigation reveals that Live Nation has continued to abuse its dominant market position notwithstanding two… Source link
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