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The Justice Department might unravel the Taylor Swift ticket fiasco … as a result of the feds are reportedly already investigating the mother or father firm of Ticketmaster for doable antitrust violations.
The division is taking a detailed take a look at Live Nation Entertainment, in keeping with the New York Times … attempting to see if the corporate’s abusing its huge market energy to screw hundreds of thousands of music followers over.
While the Swift insanity definitely provides to the drama, it looks like the investigation has already been occurring for months — with NYT’s sources saying the division’s antitrust division has already been contacting venues within the trade about Live Nation’s previous practices and the general dynamics of the ticket trade.
As you understand, all hell broke free as followers flocked to Ticketmaster to try to get their fingers on a ticket to “The Eras Tour” this week through the presale.
The firm even canceled the public sale on Friday, which is ordinarily the way it sells any remaining tickets after presales — and now the resale market is seeing sky-high prices.
FYI — Tennessee AG Jonathan Skrmetti has already begun his own antitrust investigation into the corporate … expressing concern that Ticketmaster lacks competitors, and with that, prospects are left with excessive costs and a poor expertise getting tix.
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