That’s the Ticket

Following a Taylor Swift ticket sale meltdown in November, certain legislators are turning their focus to concert ticket competition. Specifically, they are considering the statistic that 70% of tickets sold for concert venues in the United States are distributed through Ticketmaster, an exclusively online company that merged with the comparable service Live Nation in 2010. Legislators argue that the company maintains a strong monopoly of the ticket sale market, making it difficult for consumers to evaluate additional competitive offers or options. As a business that reaches at least 30 countries, Ticketmaster processes 500 million ticket sale transactions each year.

