If you haven’t heard yet, there have been a few Banknote Master’s Chaos. This dismay came after thousands of Taylor Swift fans were left without tickets for her upcoming tour. Since then, many have spoken out against the ticketing service monopoly, including Congresswoman Alexandria Ocasio-Cortez, who shared her thoughts in a rolling stone interview.
As a member of the Congressional Committee on Economic Disparity and Growth Equity, Ocasio-Cortez spoke with rolling stone in detail about the situation. In the article, she primarily calls for splitting the Ticketmaster and Live Nation merger — a partnership the magazine describes as a “monopolistic environment” in the ticket sales industry.
“I support the outcome of this merger. I don’t believe it should have been approved in the first place,” AOC told the publication. “I hope the DOJ investigation will reveal how serious the abuse of market share and power is and how it has played a role in the prices everyday consumers see.”
She points to fluctuating prices: “The big question is how do they justify a service charge that is between 20% and 100% of the ticket price? It’s really hard to defend. »
She further mentions how the relationship “the biggest ticket seller in the country with the biggest promoter in the country” affects everyone – from artists to fans. “It affects the fans because they are absolutely ripped off. You pay way more than the base ticket price to go to the show, but on top of that, what we’re seeing more of is the absolute explosion of the resale market.
Regarding a possible solution, she said, “One thing that I hope would happen is that each of these entities could even pursue their own arrangement. But having everything under one roof affects the entire live music supply chain.
Also, today (November 23) Variety reported that Congress would hold a hearing on the ticket industry’s lack of competition. The exact date and the witnesses have not yet been revealed.
