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Pascrell Uncovers Explosive Ticketmaster Report

Study mistakenly available to the public referred to Senate Investigations Subcommittee, FTC and DOJ

Congressman Bill Pascrell, Jr. (D-NJ-09), long the leading voice in Congress against Ticketmaster, today released a previously secret report detailing rampant corrupt and abusive practices by the Live Nation-Ticketmaster monopoly.

Pascrell forwarded the report to the Chairman of the Senate Permanent Subcommittee on Investigations, as well as to the leaders of the Federal Trade Commission, the Justice Department Antitrust Division, and the House Energy and Commerce Committee. The Senate subcommittee has been investigating Live Nation-Ticketmaster for over a year and is chaired by Senator Richard Blumenthal (D-CT), a long-time advocate on ticket industry reform issues.

“This secret report about the Live Nation-Ticketmaster monopoly exposes yet more evidence of the corruption and abuses of live event ticketing in America,” said Congressman Pascrell. “Whether it is fans of Taylor Swift or countless other performers, the abuses of this monopoly have harmed tens of millions of Americans who are fed up with endless fees and ticket schemes. Senator Blumenthal has been fearless in his investigation of Live Nation Entertainment, and I expect the Senate subcommittee can utilize the information exposed by this report. Our federal leaders must work together to reform this broken marketplace for fans, as well as artists, venues, promoters, and others throughout the live event industry, and finally hold Live Nation-Ticketmaster accountable."

Pascrell has been a leader in Congress calling for regulation of the opaque live events ticket market. Pascrell was an early critic of the Live Nation-Ticketmaster merger, and repeatedly urged the Obama administration to reject it, warning that the union would crush competition and harm consumers.

For years, Pascrell has been the principal sponsor of the Boss and Swift Act, legislation endorsed by consumer groups that would impose a basic level of transparency upon the ticket industry so fans have a fair chance to purchase tickets on the primary market and also seeks to protect consumers who choose to use the secondary market to purchase tickets. The House Energy and Commerce Subcommittee on Innovation, Data, and Commerce held a hearing on the bill last year. A full section-by-section breakdown of the Boss and Swift Act is available here. Senator Blumenthal is the primary sponsor of the Senate version of the Boss and Swift Act.


On March 22, 2022, Pascrell wrote to the heads of the FTC and the Antitrust Division urging them to overhaul federal guidelines to make it easier to overturn bad mergers. As part of the agencies’ joint inquiry into modernizing merger regulations, Pascrell flagged the Live Nation-Ticketmaster as a “posterchild of consolidation gone bad” and urged its dissolution.


The text of Congressman Pascrell’s letter is below.


March 28, 2024


The Honorable Richard Blumenthal 

Chairman, Permanent Subcommittee on Investigations

Senate Committee on Homeland Security & Governmental Affairs

340 Dirksen Senate Office Building

Washington, D.C. 20510


Dear Senator Blumenthal:

I write regarding the investigation into the abusive practices of Live Nation Entertainment, Inc. by the Senate Permanent Subcommittee on Investigations. 

It has now been one year since the Subcommittee first wrote to Live Nation/Ticketmaster on March 24, 2023, seeking documents and information in connection with its inquiry, and four months since the Subcommittee was forced to issue a subpoena to Live Nation/Ticketmaster. To aid in the Subcommittee’s investigation, please find attached to this letter a copy of an expert report (Exhibit B) about Live Nation/Ticketmaster’s business model that alleges corrupt practices. 

This is the first time this report has been made public and the findings in this case are alarming, but not surprising. The report lays out in detail the ways in which Live Nation/Ticketmaster’s business practices are systematically designed to undermine fair competition within the industry to further enrich the company at the expense of fans, as well as other stakeholders in the live events industry. Uniquely, the analysis is based upon Live Nation/Ticketmaster’s own financial data, documentation, and correspondence provided by Live Nation/Ticketmaster as part of discovery in a lawsuit that has been ongoing for well over a decade. 

My office accessed an unredacted copy of the report with the assistance of the Congressional Research Service using the publicly available Public Access to Court Electronic Records (PACER) website. The findings within this document include allegations that: 

  • Live Nation/Ticketmaster negotiated third-party expenses, like rental costs with venues, directly with vendors in exchange for exclusive financial gains not disclosed to the artists or their agents, managers, or independent co-promoters in the form of “rebates.”
  • The value of these “rebates,” for the exclusive benefit of Live Nation/Ticketmaster, may be directly correlated to the negotiated increased value of expenses.
  • Higher third-party expense means an event may be more expensive to produce and promote for all involved including agents, artists, and co-independent promoters within the contingency contracts that Live Nation/Ticketmaster uses. 
  • Live Nation/Ticketmaster can enjoy 100% of the benefit while passing on material costs (at times more than 50%) onto third parties including artists, agents, managers, and co-independent promoters.
  • Live Nation/Ticketmaster’s business model may create an inherent conflict of interest with their fiduciary responsibility to the artists and others mentioned under these contingency compensation arrangements.
  • Live Nation/Ticketmaster has insulated its profit through these “rebates” which are based on volume, while artists, agents, managers and co-independent promoters are compensated on “value” of ticket sales.
  • Some shows indicate a “loss” or “very low profit” on public statements presented to artists, agents, managers and co-independent promoters, but a “profit” after factoring in the “rebates” in the internal accounting documents of Live Nation/Ticketmaster.
  • These “rebates” are recorded as a non-traditional accounting item referred to as “contribution margin,” which the report alleges is not customary.  
  • Live Nation/Ticketmaster’s business model allows them to show “loss” or low “promoter profit” to its vendors and partners, including co-independent promoters, while reporting profit or higher income to regulators and shareholders. 
  • Live Nation/Ticketmaster’s suspicious accounting practices may have caused financial harm to the artists they promoted.
  • Live Nation/Ticketmaster’s business model and the “rebates” it negotiates may be responsible for the rising cost of tickets for live events, which is then passed on to consumers. 
  • The report concludes that “Live Nation/Ticketmaster, their stockholders, and arenas are the primary beneficiaries of these business practices.”

I will also call your attention to the outline of documents and evidence used in this analysis on page 22 of the report, as it may be helpful in making pointed requests for additional document production from Live Nation/Ticketmaster.

As the Senate sponsor of our BOSS and SWIFT ticket reform legislation, you are well aware of the need for more transparency and greater regulation of the live event ticket marketplace. For years, Live Nation/Ticketmaster has operated with a high-level of secrecy, exploiting consumers and stifling competition, often by hiding behind terms like “trade secrets” and “proprietary” to shut down any meaningful oversight. This report sheds light as to why Live Nation/Ticketmaster has so vehemently opposed sharing details of its pricing model. 

I encourage you and your subcommittee colleagues to review and use this report to further your important investigation.



Bill Pascrell, Jr. 

Member of Congress



The Honorable Lina M. Khan, Chairperson, Federal Trade Commission

The Honorable Jonathan Kanter, Assistant Attorney General, Antitrust Division, U.S. Department of Justice 

Chair Cathy McMorris Rodgers and Ranking Member Frank Pallone, Jr., House Energy and Commerce Committee

Chair H. Morgan Griffith and Ranking Member Kathy Castor, House Energy and Commerce Subcommittee on Oversight and Investigations

Chair Gus M. Bilirakis and Ranking Member Janice D. Schakowsky, House Energy and Commerce Subcommittee on Innovation, Data, and Commerce

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