Taylor Swift fans have had a rough time trying to purchase tickets to the singer’s first tour in five years.
Though Ticketmaster claimed tickets to The Eras Tour would cost somewhere between $49 and $449 each, re-seller websites like StubHub were offering tickets for as much as $22,000!
Well, some lawmakers say “enough is enough.”
Tennessee Attorney General Jonathan Skrmetti has launched an investigation into Ticketmaster after numerous Taylor Swift fans reported multiple issues with buying tickets for the tour.
According to NME, Skrmetti said he was launching the antitrust investigation because Tennessee, Swift’s home state, is a large music market.
He also acknowledged that Live Nation Entertainment dominates approximately 70% of the live music industry, and how this impacts paying customers (LiveNation merged with Ticketmaster back in 2010).
“Anytime you have that kind of concentration of market share, there’s the risk that the lack of competition will not just drive up prices for consumers,” he said, “it will also reduce the quality of the product.”
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