Live Nation CFO to get grilled at Senate hearing, but analysts don't expect shake-up for ticketing industry

A Live Nation exec look set to get tough questions Tuesday, as he and other witnesses appear before a Senate panel that's examining the ticketing industry.

A top executive from Live Nation Entertainment Inc. looks set to face tough questions on Tuesday, as he appears along with other witnesses before a Democratic-run Senate committee that’s examining the ticketing industry.

The Senate Judiciary Committee is slated to hold a hearing at 10 a.m. Eastern Tuesday that’s titled “That’s The Ticket: Promoting Competition and Protecting Consumers in Live Entertainment.” Democratic Sen. Amy Klobuchar of Minnesota, who chairs the Senate committee’s antitrust subpanel, said in a joint statement last week with other lawmakers that the hearing “will examine how consolidation in the live entertainment and ticketing industries harms customers and artists alike.”

“In our view, while it is possible for legislation to emerge from the hearing, passage into law would be an uphill battle given the current divides between the chambers of Congress,” said Height’s director of research, Benjamin Salisbury, in a note on Monday.

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