Live Nation CEO to Face Senate About Taylor Swift Ticket Fiasco

Jan. 24, 2023, 10:00 AM UTC

The head of Live Nation Entertainment Inc. will tell Congress on Tuesday that the concert promoter learned “valuable lessons” from the debacle that forced its Ticketmaster unit to cancel public sales for a Taylor Swift tour when its site crashed amid massive demand.

Joe Berchtold, the president and chief financial officer of Live Nation, will appear before the Senate Judiciary Committee to answer questions about the incident in a hearing focused on competition in the $12 billion live music entertainment market.

“In hindsight there are several things we could have done better – including staggering the sales over a ...

Learn more about Bloomberg Law or Log In to keep reading:

See Breaking News in Context

Bloomberg Law provides trusted coverage of current events enhanced with legal analysis.

Already a subscriber?

Log in to keep reading or access research tools and resources.