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The Justice Division 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 an in depth take a look at Reside Nation Leisure, in response to the New York Instances … attempting to see if the corporate’s abusing its huge market energy to screw tens of millions of music followers over.
Whereas the Swift insanity definitely provides to the drama, it looks as if 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 Reside Nation’s previous practices and the general dynamics of the ticket trade.
As , all hell broke free as followers flocked to Ticketmaster to try to get their fingers on a ticket to “The Eras Tour” this week in the course of the presale.
The corporate even canceled the general 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 costs.
FYI — Tennessee AG Jonathan Skrmetti has already begun his personal antitrust investigation into the corporate … expressing concern that Ticketmaster lacks competitors, and with that, clients are left with excessive costs and a poor expertise getting tix.
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