The chair and ranking member of the Senate Subcommittee on Competition Policy, Antitrust and Consumer Rights are both from Minnesota. Live Nation Entertainment CEO Michael Rapino was the one who wrote the letter to him. At a later date, the date of the upcoming hearing will be announced.
The competition problem in ticketing markets was made clear last week when hundreds of thousands of fans were unable to purchase concert tickets. There will be a hearing on how consolidation harms customers and artists. We all suffer consequences when there is no competition.
A fight will not be lost by the giant that is Ticketmaster. Swift expressed her frustration after the pre-sale chaos for her tour began. Swift said in a statement that she was trying to figure out how the situation could be improved. We askedTicketmaster multiple times if they could handle this kind of demand and we were assured they could.
Swift's The Era's Tour tickets went on sale last Tuesday for fans who received a special access code. At 10 a.m., the presale started. It took 20 minutes for the website to crash for East Coast venues. The website was down throughout the rest of the day, as well as the remaining pre-sale, which was pushed back to later in the day.
The public general sale for tickets that was scheduled to start on Friday, November 18 was canceled due to extremely high demand. The company apologized to both Swift and Swifties after it claimed that over 2 million tickets had been sold.
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