The DOJ and FTC have announced a public inquiry into the live music industry to address unfair business practices that affect consumers. This initiative follows an executive order from President Trump, influenced by Kid Rock, aimed at combating ticket scalping. The agencies are seeking public input on anti-competitive practices and will report their findings in six months. Officials emphasize the importance of fostering competition to ensure affordability for fans and fair compensation for artists within the industry.
The Executive Order directs the Attorney General and the FTC to 'ensure that competition laws are appropriately enforced in the concert and entertainment industry.'
Competitive live entertainment markets should deliver value to artists and fans alike... where vigorous enforcement of the antitrust laws can lead to increased competition that makes tickets more affordable for fans.
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