Taylor Swift tour ticket fiasco leads to calls for Ticketmaster and Live Nation to break up

by | Nov 16, 2022 | Business

Taylor Swift accepts an award onstage during the MTV Europe Music Awards 2022 held at PSD Bank Dome on November 13, 2022 in Duesseldorf, Germany.Jeff Kravitz | Filmmagic | Getty ImagesThere’s something about Taylor Swift and breakups.Activists and lawmakers are renewing calls to split Ticketmaster and Live Nation after a fiasco over ticket sales for the pop superstar’s upcoming “Eras” tour, which is slated to kick off in March.Live Nation, which merged with Ticketmaster in 2010, has faced longstanding criticisms about its size and power in the entertainment industry. People amplified their complaints this week when tickets for Swift tickets went on presale on Ticketmaster’s website. The company was forced to extend presales after fans flocked to the site, causing site disruptions and slow queues.Ticket buyers immediately turned to social media to complain after the website appeared to crash or freeze during purchases, leaving many unable to get tickets for the show. Some users were shown an error page stating, “We’re sorry! Something went wrong on our end and we need to start over. Broken things are a drag — our team is on it so it doesn’t happen again.”Lawmakers are also calling on the Justice Department to investigate the company.”Daily reminder that Ticketmaster is a monopoly,” Rep. Alexandria Ocasio-Cortez, D-N.Y., wrote in a Tweet Tuesday. “Its merger with LiveNation should never have been approved, and they need to be reigned in. Break them up.”Similarly, Sen. Richard Blumenthal, D-Conn., called Swift’s tour sale “a perfect example of how the Live Nation/Ticketmaster merger harms consumers by creating a near-monopoly,” in a Tweet posted Tuesday.”I’ve long urged DOJ to investigate the state of competition in the ticketing industry,,” he added. “Consumers deserve better than this anti-hero behavior.”Representatives from Live Nation did not immediately respond to CNBC’s request for comment.Others complained about the long wait times and …

Article Attribution | Read More at Article Source

Share This