TAYLOR SWIFT TICKETS!
On January 24, the Senate Judiciary Committee held a hearing on Ticketmaster. The hearing followed in the aftermath Taylor Swift's "Eras Tour" tickets going on sale last November, a debacle during which Ticketmaster broke down during the presale, leaving millions of fans without tickets. Senators convened to hear testimony from a top Live Nation executive (Ticketmaster’s parent company), competitors in ticketing and concert promotion, antitrust experts, and a musician. The hearing represented a step toward a potential antitrust case against Live Nation and Ticketmaster, which merged in 2010. Moe Tkacik and Krista Brown are researchers at the American Economic Liberties Project, a left-leaning think tank which is part of a consortium that is pushing for the DOJ to break up the Live Nation monopoly. In February Micah Loewinger spoke to them about an article they co-wrote for The American Prospect about Ticketmaster’s forty-plus-year-history, and how the company came to dominate, and in some ways reshape, the live music landscape. This is a segment from our February 3, 2023 show, Too Big to Fail?.