LIVE UPDATES: The Senate Judiciary Committee is examining Ticketmaster's role in the ticketing industry after last year's Taylor Swift tour debacle.
, Sen. Amy Klobuchar, D-Minn., who leads antitrust investigations for the committee, said the hearing would "examine how consolidation in the live entertainment and ticketing industries harms customers and artists alike."Durbin, Graham express concern about lack of competitionChairman Dick Durbin, D-Ill., said in his opening statement that what occurred with the presale for Taylor Swift's tour is a symptom of a"larger problem.
Ranking member Lindsey Graham, R-S.C., echoed Durbin's comments in his opening statement, saying that the hearing's big theme is"consolidation of power in the hands of few can create problems for the many." Lawmakers from both parties are participating in the hearing, with both Democrats and Republicans calling attention to high fees and slip-ups by the ticketing giant. Senators have proposed varying ways of addressing the issue, from passing new antitrust legislation to amping up enforcement of existing laws.Dozens of lobbyists, Hill staffers, reporters and members of the public lined up to attend the Ticketmaster hearing.
Klobuchar added that the hearing, jointly led with Republicans, will help the lawmakers draft legislation about transparency in fees. “I really think it’s time to make some changes to the antitrust laws and to outlaw discriminatory behavior,” she said. The Senate Judiciary Committee will convene around 10 a.m. Tuesday for a hearing that is expected to last around two hours.
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