[1/2] Taylor Swift poses on the red carpet for the 2022 MTV Europe Music Awards (EMAs) at the PSD Bank Dome in Duesseldorf, Germany, November 13, 2022.
REUTERS/Thilo Schmuelgen/File PhotoWASHINGTON, Nov 21 (Reuters) - Ticketmaster and owner Live Nation Entertainment, the events ticketing giant behind the recently botched sale of Taylor Swift concert tickets, should be broken up by the Department of Justice if any misconduct is found in an ongoing investigation, Democratic senators said Monday.
"This may be the only way to truly protect consumers, artists, and venue operators and to restore competition in the ticketing market."
Live Nation and Ticketmaster merged in 2010 after a DOJ-brokered settlement that officials said would encourage competition and send ticket prices down.
Instead, "across all genres and venues, Ticketmaster prices have more than tripled in the past 20 years," the senators wrote.