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. Berchtold will testify that the problems with the Swift ticket sale in November resulted from unprecedented demand and a cyberattack that overwhelmed the company's servers. The second was in 2009, when Ticketmaster and Live Nation proposed a merger. The 2010 settlement that allowed Ticketmaster and Live Nation to merge has been sharply criticized. Live Nation itself owns about 100 US venues that all use its ticketing service.

Source: Daily Nation January 25, 2023 01:16 UTC