Tuesday, July 28, 2009
Yesterday, Rep. Bill Pascrell (D-Springsteen) sent a letter to Assistant Attorney General Christine A. Varney urging her to investigate the pending merger between Ticketmaster Entertainment, Inc. and Live Nation, Inc. for anti-trust law violations. The letter was co-signed by 50 other members of Congress. Rep. Pascrell is also primary sponsor of the Better Oversight of Secondary Sales and Accountability in Concert Ticketing Act (BOSS ACT!!). Sen. Herb Kohl (D-WI), Chairman, Subcommittee on Antitrust, Competition Policy and Consumer Rights sent a similar letter. Sen. Kohl held hearings on this merger last February. The webcast is here. In case you haven't figured it out by now, Bruce Springsteen has been vocally opposed to this transaction from its announcement. We'll see if The Boss has any pull.