- NYT reports that the Justice Department has been investigating Ticketmaster’s owner, Live Nation Entertainment.
- Live Nation’s pre-sales for Taylor Swift’s tour were a disaster and Ticketmaster was criticized.
- According to the report, the investigation is predated by the presale this week and focuses on antitrust concerns.
The US Department of Justice is investigating Ticketmaster’s parent company Live Nation Entertainment for antitrust and possible abuse of power within the music industry. Friday was the first day that Friday was reported by The New York Times.
After approval by the Justice Department, Live Nation and Ticketmaster merged on 10/1/2010.
According to the report, the investigation was initiated before Ticketmaster encountered issues during Taylor Swift’s Eras Tour presale. This eventually led to the cancellation of the general sale that had been set for Friday.
Insider asked for comment but the Department of Justice refused.
Presale for “verified Ticketmaster Fans” began at 10 a.m. local time on Tuesday. However, people reported that it was not yet open. Waiting in long lines, system crashesThey waited patiently to get their tickets.
These issues were widely criticised by Swift’s fans. The cancellation of Ticketmaster’s general ticket sale further exacerbated it, leaving concert-goers to pay thousands of dollars via resale websites.
