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They dominate. 47 of the 52 taylor swift shows in stadiums were sold by ticketmaster. this time around, it s 31 of 33, and just yesterday, senator amy klobuchar sent a letter to the president of livenation, which owns ticketmaster and asked a number of these very pointed questions following up on the senate judiciary hearing. and what role are the bots and the scalpers playing in, you know, the chaos that we ve seen playing out, with you know, taylor swift fans an hopefully not this time around, but it could happen with the beyonce ticket sales? the principal issue is they kick people out of the system. they clog things up. if you take livenation and ticketmaster at their word, none of these bots were able to buy tickets. ultimately, people who registered for verified fans were able to do such. that is what was testified to, in the senate and i guess we ll ....
But maybe chat gpt could solve it for us. i was going to say do you chat gpt buy tickets to taylor swift. no, but i wish somebody would solve is when i want to buy tickets for me and my son to go to a basketball game and guy on stub hub and the ticket said they are $100 and i want to purchase and now all of a sudden the whole thing is $350. that is correct. there is a giant ripoff. and i don t it is scalping. we could solve that problem. it used to be called scalping. right. and you were angry at the scalpers. but in this case it is institutionalized. and i guess people should have what the market bears. that is capitalism, but it feels manipulative. and it is the one thing that gets everybody angry, that something has a face value of $7 and it tells for $800. ....
Straw that broke the camel s back. they are going to keep gathering more and more power, charging more and more until concerts become this luxury for only the richest people and the scalpers. he s got a fair point that the ticket prices really do just keep going up and up, joe. they completely do. to the report by jeff paul right now that you just played, 27%? nearly one-third of ticket prices, trace, or for processing fees. it is done online. a computer is taking care of it. so if i pay $100 for a ticket, i m paying another $27 on top of that just have it processed? that doesn t make any sense. ticketmaster has to explain why they are charging that much above already sky-high ticket prices in order to just process it alone. ticketmaster clearly is a monopoly, trace. pearl jam, who i have a feeling you, like me, saw at one point in the 90s, they boycotted ....
Vox, scalpers and cyber attacks that flooded the system. he apologized and said the company learned some valuable lessons. now of course the question is what can be done? one idea that was floated during this hearing is that maybe the tickets could be made nontransferable. others say the real problem is competition or, rather, a lack of competition in this industry. it s possible that today s hearing gives the justice department ammo to file an antitrust lawsuit against live nation. one solution is to have the doj unwind the controversial 2010 merger between live nation and ticketmaster that created this ticketing bohemoth. basically undo the deal altogether. effectively the doj would be saying, i can t resist one more taylor swift, saying i knew you were trouble when you walked in. max and bianca? ....
Starting to ramp up. no other candidate has declared candidacy. today the senate judiciary committee will hear testimony from ticketmaster from live nation following that taylor swift ticket debacle. more than 3.5 billion people wait, billion people attempted to purchase presale tickets for upcoming tour overwhelming the website and forcing the company to cancel the sale. the president and ceo of live nation is pointing the finger at scalpers saying they used bots to unfairly obtain tickets. there was a lot of anger among all those people. lawmakers are looking whether there is competition in the industry. still ahead, a major league baseball team is off the market. we ll tell which you one. and the dallas cowboys official twitter account gives a tough but accurate take of sunday s loss. we ll show that you tweet ahead in sports. loss we ll show that you tweet ahead in sports. ma ma ma ma [clears throut] ....