Senators questioned executives from Ticketmaster's parent company, Live Nation Entertainment, at the Judiciary Committee hearing two months after the company canceled sales for Taylor Swift's new tour.
"You can't have too much consolidation, something that, unfortunately for this country, as an ode to Taylor Swift, I will say we know 'all too well,'" she said. Joe Berchtold, the president and CFO of Live Nation Entertainment; Jack Groetzinger, CEO of ticketing platform SeatGeek; and five other witnesses addressed the committee.In opening remarks, Berchtold addressed what he said are misconceptions about the live concert industry and what the ticket seller is able to control.
"Live Nation may say that there’s never been more competition in ticketing. We at SeatGeek appreciate that compliment, but it is a far cry from the competition that should exist in an open market where companies can compete fairly on the merits of their offering," he said at the hearing.
But the very gov she works in allowed it full well knowing what would happen
Glad we have priorities