Live Nation and Ticketmaster merged over a decade ago and Congress is concerned - for good reason - that the company is exerting monopoly powers over the live event industry. In this episode, learn how the merger was allowed to happen in the first place, the problems that industry participants and competitors are having with the company, and what Congress is thinking of doing about it.
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View the show notes on our website at https://congressionaldish.com/cd267-the-monopoly-powers-of-live-nation-ticketmaster
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Background Sources Event Ticketing Market “Event Ticket Sales: Market Characteristics and Consumer Protection Issues” [GAO-18-347]. Apr 12, 2018. U.S. Government Accountability Office.
Live Nation Overview “Live Nation Entertainment Website.”
“Live Nation Entertainment 2021 Annual Report”
“Live Nation Entertainment: Totals.” Open Secrets.
“Live Nation Entertainment: Lobbying.” Open Secrets.
Ticketmaster “Everyone hates Ticketmaster. Is everyone wrong?” August Brown. Jan 24, 2023. The Seattle Times.
Taylor Swift “Taylor Swift ‘Ticket Sale Disaster’ Sparks Suit Against Ticketmaster, Live Nation.” Ashley Cullins. Dec 5, 2022. The Hollywood Reporter.
“Taylor Swift on Ticketmaster Tech Issues: ‘We Were Assured’ They Could Handle the Demand.” Caitlin Huston. Nov 18, 2022. The Hollywood Reporter.
“Taylor Swift Tour: Live Nation CEO Says ‘Everybody Crashed the Door’ During Presale.” Caitlin Huston. Nov 17, 2022. The Hollywood Reporter.
Bad Bunny “Spending a Month’s Salary to See Bad Bunny, Only to Be Turned Away.” Maria Abi-Habib. Dec 16, 2022. The New York Times.
“Ticketmaster Crashes Right on Cue During Bad Bunny Ticket Sale.” Dylan Smith. Apr 15, 2021. Digital Music News.
BTS “BTS Vegas Sells Out as Ticketmaster Verified Fan Fails Fans (Again)” Dave Clark. Mar 3, 2022. Ticket News.
“BTS SoFi Stadium Concert Tickets Sold Out In Pre-sale; ARMY Expresses Disdain On Twitter.” Fengyen Chiu. Oct 11, 2021. Republic World.
Adele “Sky-High ‘Dynamic’ Adele Ticket Prices Sting ‘Verified’ Fans.” Dave Clark. Dec 8, 2021. Ticket News.
Pixies “Everyone Hates Ticketmaster — But No One Can Take It Down.” Steve Knopper. Nov 1, 2010. Wired.
Bruce Sprintsteen “Bruce Springsteen Defends High Ticket Prices for Upcoming Tour.” Alex Young. Nov 18, 2022. Consequence Sound.
“Bruce Springsteen ‘Furious’ At Ticketmaster, Rails Against Live Nation Merger.” Daniel Kreps. Feb 4, 2009. Rolling Stone.
Pearl Jam “1994: A look back at when Pearl Jam took on Ticketmaster.” Shawn Garrett. Nov 17, 2022. KIRO 7 News.
“Pearl Jam: Taking on Ticketmaster.” Eric Boehlert. Dec 28, 1995. Rolling Stone.
“Pearl Jam Musicians Testify On Ticketmaster's Prices.” Reuters. Jul 1, 1994. The New York Times.
Ticketmaster Scalper Program “Ticketmaster Resale Returns to Broker-Focused Conferences Despite Past Controversy.” Dave Clark. Jul 8, 2021. Ticket News.
“'Hand caught in a cookie jar': Band managers demand answers about Ticketmaster's secret scalper program.” Rachel Houlihan et al. Oct 18, 2018. CBC News.
“'A public relations nightmare': Ticketmaster recruits pros for secret scalper program.” Dave Seglins et al. Sep 19, 2018. CBC News.
Antitrust Policy and E