Live Nation to face senate at an antitrust-focused hearing, NY Times reports

Two months after Ticketmaster canceled sales for Taylor Swift’s upcoming tour, an executive from its parent company, Live Nation Entertainment, will appear at the Senate to defend the company, Andrew Ross Sorkin, Ravi Mattu, Bernhard Warner, Sarah Kessler, Michael J. de la Merced, Lauren Hirsch and Ephrat Livni of The New York Times report. Lawmakers are expected to question Live Nation’s president and CFO on whether its grip on ticket sales for the concert and events industry is too tight. Live Nation currently controls 70% of the concert and events industry tickets, according to some critics, the Times reports. "However you look at it, that’s a monopoly," Senator Amy Klobuchar, the Minnesota Democrat, told Rolling Stone, according to the Times. Reference Link