Live Nation and Ticketmaster merged in 2010 after gaining approval from the DOJ. The agency imposed some conditions on the deal, such as Live Nation having to sell some parts of its business. For a 10-year period, Live Nation was prohibited from threatening to keep tours away from venues that don't use Ticketmaster.
"The site was supposed to open up for 1.5 million verified Taylor Swift fans," Greg Maffei, the CEO of Live Nation's biggest shareholder Liberty Media, toldFans waited in queues for hours and when they were finally able to select a seat, many were still unable to grab tickets. In many cases, tickets were essentially snatched out of customers' hands as they tried to put them in their cart.
"due to extraordinarily high demands on ticketing systems and insufficient remaining ticket inventory to meet that demand."
Uh, oh.
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Source: commondreams - 🏆 530. / 51 Read more »
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Taylor Swift tickets listed for over $21K on StubHub after millions flood Ticketmaster presaleTaylor Swift tickets are popping up on the resale market a day after the Ticketmaster site was overwhelmed by demand.
Source: ABC7NY - 🏆 592. / 51 Read more »
Taylor Swift tickets listed for over $21K on StubHub after millions flood Ticketmaster presaleTaylor Swift tickets are popping up on the resale market a day after the Ticketmaster site was overwhelmed by demand. 😂😂😂😂😂 Ain’t worth 2 dollars much less 21k
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Ticketmaster glitches reported for 2nd straight day as Taylor Swift fans try to buy ticketsAfter a day of glitches on Ticketmaster’s website amid the presale for Taylor Swift’s 2023 stadium tour, the website suffered massive outages again. Details Oh no More ticketmaster bots buying all the tickets to resell at 5x pricing. That's what happens when you allow a monopoly to exist. The FTC should have never allowed a LiveNation - Ticketmaster tie-up. But that is for a Taylor Swift concert...just imagine a monopoly for groceries? kroger Albertsons Innovation dies, prices rise.
Source: kgun9 - 🏆 584. / 51 Read more »
Taylor Swift tickets listed for over $21K on StubHub after millions flood Ticketmaster presaleTaylor Swift tickets are popping up on the resale market a day after the Ticketmaster site was overwhelmed by demand. From $5K-$45 to see Taylor Swift? I like her, I really do, but something MUST be lifesaving at her concerts for these prices! Oh well, spend on!! 🤣 Same happened with Bruce it's shear greed. Disgusting StubHub has ruined concerts.
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