Congress to hold hearing on Ticketmaster problems after Taylor Swift debacle - Reuters

Senate antitrust panel will hold a hearing on the lack of competition in the ticketing industry after Ticketmaster's problems last week managing the sale of Taylor Swift tickets, Senator Amy Klobuchar, chair of the panel, said on Tuesday.

"We will hold a hearing on how consolidation in the live entertainment and ticketing industry harms customers and artists alike.".

"Ticketmaster 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," the company said.

Klobuchar was one of three lawmakers who argued in a letter on Monday that Ticketmaster and owner Live Nation Entertainment, the events ticketing giant behind the recently botched sale of Swift concert tickets, should be broken up by the Department of Justice if any misconduct is found in an ongoing investigation.

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