The Justice Department is investigating Live Nation, the parent company of Ticketmaster, which has caused confusion and outrage this week for mishandling ticket sales for Taylor Swift’s upcoming ‘Eras’ tour, according to people familiar with the matter. Two people confirmed to CBS News. apologized on twitter For Swift fans.
Investigation that precedes Ticketmaster’s failure to sell Taylor Swift tickets focuses on whether Live Nation is abusing its market power in the ticket industry.Ticketmaster’s sitecaused outrage and disappointment from fans who waited for hours to get tickets.
The Department of Justice’s Antitrust Division recently reached out to music venue and ticketing industry officials to learn more about Live Nation’s methods, focusing on whether Live Nation is dominating the industry. according to to the New York Times, which previously reported the investigation.
This week’s Taylor Swift ticket sales debacle has sparked renewed calls for more scrutiny against the company. Several lawmakers have called for investigations into Live Nation and Ticketmaster. Ticketmaster said he sold more than 115 million tickets for the event in the first nine months of the year, a 37% increase from 2019.
friday night ticketmaster He apologized to Swift’s fans on Twitter“I want to apologize to Taylor and all of her fans, especially those who tried to buy tickets and had a terrible experience. We owe it to them to share information that will help explain what happened.
The tweet contained a link to: ticket master websitethe company explained why the problem occurred.
On Tuesday, Rep. Alexandria Ocasio-Cortez accused Ticketmaster of acting as a monopoly on ticket sales and called for the company to be split up.Approved. “
The site crash also sparked an investigation by Tennessee Attorney General Jonathan Skrmettian, who has launched an investigation into how Ticketmaster handled the event.
Ticketmaster after the crashAbout Taylor Swift’s Tour.
“Tomorrow’s Taylor Swift General Sale | The Eras Tour has been canceled due to extremely high demand for our ticketing system and insufficient remaining ticket inventory to meet that demand,” the company said. murmured.
— with a report by Ed O’Keefe for CBS News.
https://www.cbsnews.com/news/ticketmaster-live-nation-under-investigation-by-department-of-justice/ Ticketmaster’s parent, Live Nation, is under investigation by DOJ