Ticketmaster-Live Nation Merger Spurs Call for Anti-Trust Investigation


Ticketmaster's attempt to take over the world will not go unimpeded. In this article from CNN, we learn that the proposed merger between Ticketmaster and Live Nation has prompted calls for an anti-trust investigation. The merger between Ticketmaster and the world's largest concert promoter would "[lock] up a whole lot of the revenue streams for live music, and that is really the most consistent and profitable part of the music business right now," says Ray Waddell, Billboard magazine's concert reporter.

Ticketmaster has also earned the ire of The Boss himself, Bruce Springsteen, who accused Ticketmaster of "scalping" their own tickets to two of his recent shows at the Izod Center in New Jersey. When fans attempted to purchase tickets to the Springsteen shows online, they encountered error messages that prevented them from buying the tickets. The shows subsequently sold out, but almost immediately according to fans, tickets became available on resaler site TicketsNow, a Ticketmaster subsidiary. This prompted N.J. Congressman Bill Pascrell to demand the Justice Department and the Federal Trade Commission have a look at Ticketmaster's practices. Now with the news of the merger, Bill Pascrell has written a letter to the House Judiciary committee asking for a probe.


Feds To Investigate Ticketmaster?

Just when you thought there was no justice in this world.

New Jersey Congressman Bill Pascrell (D-8th Dist.) wants a federal investigation into Ticketmaster and some alleged shady doings with the ticket sales for two Bruce Springsteen shows at the Izod Center. According to this report, fans who tried to buy tickets online encountered error messages that prevented them from making purchases. Then they were directed to TicketsNow, a Ticketmaster resale subsidiary, where they were given the opportunity to purchase Springsteen tickets for three to four times the face value amount, in some cases, up to $4,000 a piece. The tickets were said to be "immediately" available at TicketsNow, once Ticketmaster announced the sell-out.

What? Ticketmaster scalping their own tickets? I know. Shocking, isnt' it?

Pascrell is asking the Federal Trade Commission and the Justice Department to look into the matter. In a letter to the two agencies, he states, "The speed with which tickets were made available on Ticketmaster's official resale site raises questions about whether TicketsNow brokers were given preferential treatment."

Speaking to the press, the congressman said, "This burns me up. It's reprehensible. There has to be a deal cooking between the two companies, Ticketmaster and TicketsNow. One has no tickets and the other is selling them at three and four times the price."

God bless you, Mr. Pascrell. You're doing the Lord's work. - Dr. FC