The drama experienced by millions of Taylor Swift‘s fans for not being able to get tickets for here Eras Tourdue to Ticketmaster’s practices, has prompted the Department of Justice to launch an investigation against the parent company, Live Nation Entertainment, for antitrust violations.
According to a report from The New York Times, the investigation will focus on whether Live Nation is abusing its power to harm fans of Swift or any other artist seeking concert tickets.
The investigation was already underway
The DOJ had already been investigating Live Nation for months, but the scandal unleashed by what happened with Swift’s tourin which Ticketmaster’s systems crashed, made it public and more urgent.
Those conducting the investigation are talking to music venues and other areas related to ticket sales to determine if Live Nation is exercising a monopoly over the industry and affecting millions of fans.
Ironically, the merger between Live Nation and Ticketmaster occurred in 2010 and was endorsed by the Department of Justicewhich is now investigating it.
A multibillion-dollar business that benefits few
Before the pandemic, in 2019, Live Nation organized 40,000 events worldwide, and sold 485 million tickets. According to LN’s latest annual report, the company had 100 managers working with more than 450 artists, but it does not manage Taylor Swift.
By the end of that year, the DOJ found that Live Nation had violated several provisions, but a settlement was reached through 2025. It states that Live Nation is authorized to negotiate ticketing agreements with venues.
In the case of Swift’s The Eras Tour, the scandal exploded when Ticketmaster canceled the sale of tickets to the public, which takes place after presales and offers leftover seats. The problem is that the resale has come to offer tickets for Swift’s tour for up to 100,000 dollars.