Senators tell Ticketmaster, Live Nation to hold their horses
Antitrust subcommittees calls for close scrutiny of merger between ticketing and concert giants
The least sexiest picture we're posting all day
The U.S. Senate antitrust subcommittee is recommending that the Justice Department closely review the proposed Ticketmaster and Live Nation merger, according to a Reuters story.
"It is clear that this merger raises serious competitive concerns warranting thorough scrutiny," wrote Sen. Herb Kohl to Christine Varney, head of the Justice Department's antitrust division, according to Reuters.
Kohl wrote that the deal would create "an enormous, vertically integrated entertainment giant, which will control everything from artist management, concert promotion, concert venues, and merchandise sales to primary and secondary market ticket sales."
The U.S. House of Representatives went even further in terms of casting doubt on the merger.
"We see little to commend this transaction," wrote Rep. Bill Pascrell in a letter signed by 50 members of the House of Representatives. The letter further cited "competitive harm in the ticketing and other industry markets" because of the deal.
In mid-July, Live Nation head Michael Rapino said he still believed the merger would close by end of the year.
News From Our Partners
-
Quicksilver in 'X-Men: Days of Future Past': Evan Peters Cast as Magneto's Son
'Poltergeist' Reboot May Actually Be a Sequel
Brad Pitt Shocks Fans at 'World War Z' Screening (VIDEO)
-
Cannes Film Festival: Cannes 2013, Day Eight: Blue Is The Warmest Color captures a relationship’s rawness and beauty
Hear This: Pantera’s “Walk” is the cry of aggrieved, disaffected youth
Watch This: Vanishing Point caters to car nuts and existentialists alike
-
Critics Consensus: Fast & Furious 6 is Certified Fresh
Red Carpet Photos with Vin Diesel, Michelle Rodriguez, Gina Carano and More
Video: The Hangover Part III Cast Interviews
-
The Telefile - Save Me: Lightning Strikes NBC
The Telefile - Modern Family: Goodnight, Gracie. Hello, Series Highlight.
The Telefile - Critics' Choice Television Awards 2013: Nominees Announced
-
'Hangover III': The Reviews Are In!
Jennifer Aniston Breaks Bad, Strips Down In 'We're The Millers' Trailer
'Star Wars' Fans Still Love To Hate Ewoks 30 Years Later
-
'Sons of Anarchy' Season 6 Adds 'The Shield's CCH Pounder As…
David Boreanaz, Minka Kelly, Tom Felton and More Go 'Full Circle' for DirecTV
Syfy's 'Helix': David Slade Directing 'Battlestar Galactica' Creator Ron Moore's New Series
-
Less Jaywalking, More Web-friendly Clips: Dos and Don'ts for Seth Meyers' Late Night Career
What to Watch Tonight: The Season Premiere of Rookie Blue and the Series Premieres of Save Me, Showville, and Does Someone Have to Go?
Nashville Season Finale Review: Funerals, Proposals, Car Accidents, Oh My?
-
The Saturdays Are Sexy Housewives Seeking a 'Gentleman' in New Video
Enter for a Chance to See Emblem3 Live on 'Good Morning America!'
Bruno Mars Rumored for 'American Idol' Judge Spot
Latest Posts
-
Go behind the scenes of the new magical Las Vegas extravaganzaThursday, May 23, 2013
-
Quartet hopes to put out new set 'in the next year'Wednesday, May 22, 2013
-
Daft Punk scores its first Top 10 hitWednesday, May 22, 2013
-
Will their collaboration yield Smith's first release in 8 years?Tuesday, May 21, 2013
Comments
Option 1
Comment instantly as a guest GuestOption 2
Option 3
Login or create a HitFix account Login Signup