The Damage Report
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Taylor Swift RAGE OUT Slaps Ticketmaster With DOJ Backlash
Posted
November 22, 2022
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November 22, 2022
19,174
906
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9:35Now PlayingTaylor Swift fans' outrage at the massive Ticketmaster disaster when trying to purchase Eras tour tickets sparks a DOJ investigation into the company as a monopoly. John Iadarola and Jordan Uhl break it down on The Damage Report.
Read more here:
Are Ticketmaster's Days Numbered?
"The online ticketing giant Ticketmaster has been using its monopoly power for years to abuse artists, fans, and venues alike — but now, thanks to a perfect storm of political and cultural factors, not to mention an army of Taylor Swift fans, it could face a long-overdue government thumping now that the U.S. Department of Justice (DOJ) is reportedly conducting an antitrust investigation into the company.
Ticketmaster operates as a monopoly in the concerts and live events industry, controlling every stage of the business — from ticket sales to event promotions to venue operations — ever since its merger in 2010 with event promoter and venue operator Live Nation, which the DOJ approved.
The new parent company became Live Nation Entertainment, Inc. One of the conditions in the DOJ’s consent decree for the newly-formed company was a prohibition on retaliating against venues for using other ticketing servicers. Despite this, venues have alleged for years that’s exactly what Live Nation has done. Through this merger, as well as their aggressive tactics, Live Nation Entertainment now controls more than 70 percent of the live event market.
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