The Justice Department is investigating ticketmaster parent Live Nation, the company that improperly sold tickets for Taylor Swift’s upcoming “Eras” tour this week, sparking chaos and outrage, two people familiar with the matter said. confirmed to CBS News.
The investigation, which predates Ticketmaster’s failure to sell Taylor Swift tickets, is focusing on whether Live Nation is abusing its market dominance in the ticket industry. Ticketmaster’s siteFrustrated fans who waited hours to get tickets, were only disappointed.
The Justice Department’s Antitrust Division recently contacted music venues and ticket industry participants to learn more about Live Nation’s practices, focusing on whether the company monopolized the industry. Is, According to to The New York Times, which first reported the investigation.
This week’s Taylor Swift ticket sales debacle has sparked new calls for further scrutiny of the company. Several lawmakers called for an inquiry into Live Nation and Ticketmaster, which sold more than 115 million tickets to events in the first nine months of the year, up 37 percent from 2019.
On Tuesday, Rep. Alexandria Ocasio-Cortez accused Ticketmaster of operating as a ticket-selling monopoly and called for the company to break up, with the New York Democrat tweeting that the 2010 merger between the company and LiveNation ” Should never have happened. Approved.”
The site’s crash has also sparked an investigation by Tennessee Attorney General Jonathan Skrimtian, who has launched an investigation into how Ticketmaster handled the event.
After the accident, TicketmasterFor Taylor Swift’s tour.
“Due to unusually high demand on the ticketing system and insufficient ticket inventory to meet that demand, tomorrow’s public on-sale for Taylor Swift | The Eras Tour has been cancelled,” the company said. Tweeted.
With reporting by CBS News’ Ed O’Keefe.