After “Weak” DOJ Settlement With Live Nation, Senators Back Bill to Bulk Up Antitrust Reviews
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"Under Donald Trump, antitrust enforcement has become a growing cesspool of corruption," Senator Elizabeth Warren said about new proposed legislation to add reforms to antitrust reviews.
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Share on Facebook Share on X Google Preferred Share to Flipboard Show additional share options Share on LinkedIn Share on Pinterest Share on Reddit Share on Tumblr Share on Whats App Send an Email Print the Article Post a Comment Logo text Senator Amy Klobuchar found the Department of Justice’s recent settlement with concert and ticketing giant Live Nation to be so weak that she’s pitching legislation to strengthen settlement procedures going forward altogether. Klobucher introduced the Antitrust Accountability and Transparency Act on Tuesday alongside fellow Democratic senators Dick Durbin, Cory Booker, Mazie Hirono, Richard Blumenthal, Peter Welch, Sheldon Whitehouse, Elizabeth Warren, and Chris Murphy. The senators argue that the Trump Administration is eroding the antitrust process with “backroom deals” to benefit major corporations and special interests and are seeking reforms to the Tunney Act as an answer. Related Stories Business Senator Keeps Pushing for Live Nation-Ticketmaster Break Up As States Trial Resumes Music Live Nation Antitrust Trial to Resume Monday as Company Fails to Reach Settlement With States “When the government prosecutes antitrust violations, the goal should be to uphold the law, lower prices, and protect consumers and small businesses,” Klobuchar said in a statement. “In the recent settlement between the Department of Justice and Live Nation, it is clear the American people got the raw end of the deal.” Reps for Live Nation didn’t respond to request for comment on the senators’ proposed legislative changes or on their assessment of the company’s settlement with the DOJ. Last week, Live Nation CEO Michael Rapino called the settlement “a major step in improving the concert experience for artists and fans throughout the United States.” “Live Nation is proud to lead the way enhancing this experience with our amphitheaters, which will be open to all promoters, allowing these promoters to decide how best to distribute up to 50% of the tickets...
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