It seems like there is something about Taylor Swift.
Activists and lawmakers are renewing calls to split Live Nation andTicketmaster after a fiasco over ticket sales for the pop superstar's upcoming "Eras" tour.
Live Nation has been criticized for its size and power in the entertainment industry. People were incensed when tickets for Swift went on sale. Fans rushed to the site and caused site disruptions and slow queue.
Many ticket buyers couldn't get tickets for the show after the website crashed, so they turned to social media to complain. Some people were shown an error page. We need to start over after something went wrong on our side. Our team is on broken things to prevent them from happening again.
The company is being called upon to be investigated by the Justice Department.
There is a daily reminder that there is a monopoly. The merger with Live Nation should not have been approved. They need to be broken up.
The Live Nation/Ticketmaster merger harms consumers by creating a near-monopoly according to Sen. Richard Blumenthal.
He urged the DOJ to look into the state of competition in the industry. This anti-hero behavior is not good for consumers.
Live Nation representatives did not reply to CNBC.
The verified fan program was created to keep tickets in the hands of fans and not people who resell them.
It didn't seem to work in many cases. The tickets for the tour were up for sale in the secondary market at high prices.
The tour tickets for " Eras" range in price from $49 to $450. The secondary market prices range from $800 to $20,000 per ticket.
The portal is not going well for many Swifties according to Rep. Bill Pascrell. Fans are waiting hours for a site crash. You would think all these fees would go to a website.
Activists called for Live Nation to be broken up after accusing them of abusing their market power.
They now control 70% of the primary ticketing and live event venues market despite promises of increased competition and consumer benefit. They are exploiting artists, independent venues, and fans. Competition can be brought back to the industry by reversing the merger. We need your help to demand that they do.
Swift's latest tour, which comes on the heels of her record-breaking new album release "Midnights," has set 52 dates so far, the singer's biggest tour to date. Swift has a record for gross ticket sales in the US.
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