on Wednesday to the Justice Department presenting evidence from the January hearing and urging it to follow up on unanswered questions.
Writing to Jonathan Kanter, the assistant attorney general for the Antitrust Division, the senators stressed that all of the witnesses except for Live Nation's president had testified that the company's practices harm the music industry. And they said Live Nation hasn't sufficiently responded to all of their questions, both at the hearing and after.
"Live Nation's responses amount to 'trust us.' We believe that is wholly insufficient," they wrote."We thank you for your prompt attention to these matters and encourage the Antitrust Division to take action if it finds that Ticketmaster has walled itself off from competitive pressure at the expense of the industry and fans.
The hearing featured testimony from antitrust experts, entertainment company executives and a musician, who collectively painted a picture of an industry that is dominated by one oversized company at the expense of fans, venues and artists.Some of the issues they raised involved Live Nation's pricing models and fees, increasingly long contracts with competitors and alleged retaliatory behavior against artists and venues that don't want to work with it.
Lawmakers in the room seemed to agree that the company's dominance poses a problem in the industry, even if they had different ideas for how to address it. After the hearing, the subcommittee leaders sent Live Nation"As the hearing demonstrated, there is a strong bipartisan consensus about taking steps to improve the way America's ticketing industry functions," they wrote.
All corporations are monopolies now..Please stop wasting the American Peoples time....
All Ticketmaster sales are immediately scooped up by bots, and then those bot-managed ticket resales are ALSO sold through the TM site. TM gets paid through both sets of transactions. The best part is that these racketeers then mark the resold mobile-onlyn tkts non-transferrable.
The only serious job opportunity I've been recruited for in the past two years was Ticketmaster. Twice. This is a source of anxiety for me.
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