Beyond the compilation videos of senators quoting Taylor Swift lyrics, what will be the legacy of January’s Senate Judiciary Committee hearing on anticompetitive practices in the live entertainment…
in the live entertainment industry?
As to whether a major artist can realistically mount a tour without using Ticketmaster, the short answer is yes — with one important caveat. However, a new major player has emerged since: AEG Presents, the country’s second-largest live-entertainment company . Representatives of AEG did not testify last week, but the privately held, Philip Anschutz-owned company, founded in 2002, has its own in-house ticketing service, AXS.
Still, it’s exceptionally difficult for superstar artists on the stadium level to avoid Ticketmaster venues. As Mickelson noted at the hearing, 93% of NFL teams and their facilities have exclusive ticketing agreements with the company. When touring on that scale, few alternatives exist, although Judiciary witness Jack Groetzinger’s SeatGeek has contracts with two North American stadiums.
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