US Senate panel to hold Jan. 24 hearing on ticket industry issues

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A U.S. Senate committee will hold a hearing on Jan. 24 on the lack of competition in the ticketing industry after Ticketmaster’s problems managing the sale of Taylor Swift concert tickets. | Reuters

“We will examine how consolidation in the live entertainment and ticketing industries harms customers and artists alike.”

Ticketmaster, which antitrust experts contend commands more than 70% market share of primary ticket services for major U.S. concert venues, did not respond to a Reuters request for comment late Tuesday. Consent decrees are often used to prohibit potentially anticompetitive practices or impose other requirements as a condition of merger approvals.

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