Ticketmaster is set to face the Senate Judiciary Committee amid accusations that the ticketing giant operates as a monopoly.
In this photo illustration, Ticketmaster website is shown on a computer screen on Nov. 18, 2022 in Miami, Fl.Ticketmaster is set to face the Senate Judiciary Committee Tuesday amid accusations that the ticketing giant operates as a monopoly — an issue that has “been going on for years," but recently got renewed attention in the wake of the Taylor Swift ticket debacle, Variety deputy music editor Jem Aswad told ABC News Live.
“When there is no competition to incentivize better services and fair prices, we all suffer the consequences,” the senator added.Senator Amy Klobuchar, a Democrat from Minnesota and chair of the Senate Judiciary Subcommittee on Competition Policy, Antitrust, and Consumer Rights, speaks during a hearing in Washington, D.C., on Nov. 29, 2022.
The company also said it “has a significant share of the primary ticketing services market because of the large gap that exists between the quality of the Ticketmaster system and the next best primary ticketing system. … That Ticketmaster continues to be the leader in such an environment is a testament to the platform and those who operate it, not to any anticompetitive business practices.”
Many Swift fans were left frustrated and disappointed after the meltdown, and the pop star addressed the controversy soon after.
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