Ticketmaster-parent exec to blame 'industrial-scale ticket scalping' in testimony

  • 📰 Reuters
  • ⏱ Reading Time:
  • 21 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 12%
  • Publisher: 97%

Business Business Headlines News

Business Business Latest News,Business Business Headlines

The president of Ticketmaster parent Live Nation , Joe Berchtold, is expected to testify on Tuesday before Congress that 'industrial-scale ticket scalping' was to blame for the company's problems late last year in managing the sale of Taylor Swift concert tickets.

Taylor Swift arrives at the 2022 MTV Video Music Awards at the Prudential Center in Newark, New Jersey, U.S., August 28, 2022. REUTERS/Eduardo Munoz, Joe Berchtold, is expected to testify on Tuesday before Congress that "industrial-scale ticket scalping" was to blame for the company's problems late last year in managing the sale of Taylor Swift concert tickets.

Ticketmaster has argued that bots used by scalpers were behind the debacle, and Berchtold is expected to ask for more help in fighting bots that buy tickets for resale, sometimes at astronomical prices. In November, Ticketmaster canceled a planned ticket sale to the general public for Swift's tour after more than 3.5 billion requests from fans, bots and scalpers overwhelmed its website.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

THIS HAS BEEN GOING ON FOR OVER A DECADE AND GOVERNMENTS ONLY CARE NOW BECAUSE IT HAPPENED TO TAYLOR SWIFT FANS Get bent 🖕

Hmmmmmmmm. I wonder why they would have a platform that allowed this? Could it be they participate in the secondary market too?

Taylor should eat biscuit

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 2. in BUSİNESS

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Live Nation CFO defends Ticketmaster, blames bots for Taylor Swift debacleTicketmaster learned 'valuable lessons' when the Taylor Swift concert tickets sale last year was disrupted by record bot traffic, the parent company will tell a U.S. Senate committee on Tuesday. Live Nation = Ticketmaster. Of course, they defend their company. She is horrible. You’re telling me Live Nation is backing up Ticketmaster? Can’t believe you’re telling me this
Source: Reuters - 🏆 2. / 97 Read more »

Live Nation exec will face lawmakers about Taylor Swift concert tickets fiasco | CNN BusinessLawmakers are set to grill top executives from the event ticketing industry on Tuesday after Ticketmaster's inability to process orders for Taylor Swift's upcoming tour left millions of fans unable to buy tickets or without their ticket even after purchase. Aren’t we facing a debt limit issue that should take precedence over something like this? SenSchumer WTH Seriously? You don’t have legitimate work that you can be doing for the American people? Kitchen table? Bread & butter issues? The price of eggs issues because that's what America wants...greedy politicians...pointing fingers at the greedy entertainment industry....don't worry that the President provided classified documents to his son to bilk countries for millions of dollars...nothing to see here...
Source: CNN - 🏆 4. / 95 Read more »