Ticketmaster and Live Nation: In Cahoots?

If you were planning to add a major concert to your next trip itinerary, you may want to think again. The U.S. Justice Department is investigating after word of a possible merger between Ticketmaster and Live Nation—the world’s largest ticket seller and the world’s largest concert promoter, respectively—raised fears of a monopoly on concert tickets. The department is “committed to vigorous enforcement of the merger antitrust laws and will conduct a thorough investigation of the proposed Ticketmaster/Live Nation transaction,” a spokeswoman told the AP.

Several politicians have already spoken out against the potential deal—and now even Bruce Springsteen (who’s already had one dust-up with the ticket giant this month) has joined in, too. Wrote the Boss on his website: “The one thing that would make the current ticket situation even worse for the fan than it is now would be Ticketmaster and Live Nation coming up with a single system, thereby returning us to a near-monopoly situation in music ticketing.”

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