As part of the ongoing bipartan examination of alleged anticompetitive conduct by Ticketmaster, U.S. Senators Amy Klobuchar (D-Mn.) and Mike Lee (R-Ut.), Chair and Ranking Member of the Senate Judi…
, U.S. Senators Amy Klobuchar and Mike Lee , Chair and Ranking Member of the Senate Judiciary Subcommittee on Competition Policy, Antitrust, and Consumer Rights, sent evidence from their recent hearing to the Department of Justice and called on the DOJ to continue examining the company and its parent Live Nation. The bipartisan letter follows the recent Senate Judiciary Committee hearing on America’s ticketing market in the wake of the chaotic on-sale for Taylor Swift’s 2023 stadium tour.
We recently held a bipartisan hearing in the Senate Judiciary Committee at which the President of Live Nation testified under oath, as did other industry participants, including an artist, a secondary market ticketing company, a promoter, and industry experts. We write to share some of the evidence developed at that hearing and to encourage the Division to follow up on some remaining questions in this industry.
• Clyde Lawrence, lead singer in the band Lawrence, testified that on a $30 ticket, Live Nation adds $12 in fees, and of that $42 price the customer pays, only $12 goes to the band before accounting for its cost of the tour. • A former DOJ lawyer testified that the conduct remedies in the 2010 consent decree from the Live Nation-Ticketmaster merger investigation have failed and that such failures constitute hard evidence of the firm’s monopoly power. She also testified that “the company still has the power to silence market participants who fear its retaliation.”
• We asked Live Nation to tell us for how many of the top 100 arenas Live Nation provides ticketing services, and the company provided no response.
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