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REUTERS
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Senators tore into Ticketmaster owner LiveNation on Tuesday, accusing it of unfair practices that caused heartache for Taylor Swift fans who were denied tickets to the pop star’s Eras tour last fall.
In its first hearing of the new Congress, the Senate Judiciary Committee scrutinized Ticketmaster’s 2010 merger with LiveNation, which witnesses said created a monopoly resulting in unfairly high prices for concert-goers.
“I believe in capitalism, and to have a strong capitalist system, you have to have competition,” Rep. Amy Klobuchar (D-Minn.) said. “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.'”