Drama On Top of Drama: Ticketmaster Scrutiny Keeps Intensifying

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The concert industry has long been a source of joy and entertainment for millions of people worldwide. However, it’s no secret that the business behind the shows has often been a subject of controversy. One of the most contentious players in this industry is Ticketmaster, which has been embroiled in several investigations and legal battles lately.

The company’s troubles started when its subsidiary, TicketsNow, was accused of engaging in unfair ticket scalping practices for popular events like Bruce Springsteen concerts. This led to an investigatory and legal flurry, with several regulatory bodies demanding answers from Ticketmaster.

New York Senator Chuck Schumer, a vocal opponent of Ticketmaster’s practices, proposed a new anti-scalping measure that would target Ticketmaster and TicketsNow directly. The measure would force Ticketmaster to wait two days before allowing any tickets to appear on TicketsNow, a move designed to protect first-run ticket prices.

Schumer’s proposal is aimed at creating a fair system that ensures fans get first crack at good seats at a reasonable price. However, it’s not just Schumer who is against Ticketmaster’s practices. The US Department of Justice, Federal Trade Commission, Canadian Competition Counsel, and the office of the New Jersey Attorney General are all investigating the company, according to documents obtained by TicketNews.com.

Ticketmaster is now under serious scrutiny and has been handing over information and contracts related to broker partners and selling activity. The company explained in a leaked letter that it has received a number of subpoenas and demands for sworn information about TicketsNow and its broker clients.

The situation has become so dire that even Irving Azoff, the street-smart CEO of Ticketmaster Entertainment, has supported Schumer’s plan to curb the company’s scalping practices. However, Ticketmaster is also facing another challenge: the proposed merger with Live Nation.

The merger has been under regulatory and legislative review, with many critics suggesting that it will give Ticketmaster even more power to control the music industry. Schumer is one of the most vocal opponents of the merger, and his concerns are shared by many others.

Ticketmaster’s troubles are not just limited to its legal battles and regulatory investigations. The company has also been facing intense public backlash, with many fans boycotting its services and turning to alternative ticketing platforms.

In response to the criticism, Ticketmaster has promised to improve its services and provide better deals for fans. The company has also launched a new platform called Verified Fan, which is designed to ensure that tickets go to genuine fans instead of scalpers.

However, it remains to be seen whether Ticketmaster will be able to regain the trust of fans and industry stakeholders. The company’s reputation has taken a significant hit in recent years, and it will take a lot of effort to restore it.

In conclusion, Ticketmaster’s problems are a reflection of the larger issues facing the concert industry. The company’s practices have been called into question, and it has been facing intense scrutiny from regulators, lawmakers, and fans alike. While the company has promised to do better, it will take a lot more than just empty promises to regain the trust of fans and industry stakeholders.