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Stock impact report

Kid Rock slams event ticketing system as a 'complete fiasco' for concert fans [FOX News]

Live Nation Entertainment, Inc. (LYV) 
Last live nation entertainment, inc. earnings: 10/31 04:01 pm Check Earnings Report
Company Research Source: FOX News
Musician Kid Rock testified before the Senate, arguing that ticket price gouging forces fans into expensive resale markets and that legislation falls short, telling Fox News pricing is "out of control." Rock, whose real name is Robert James Ritchie, has been a critic of unfair ticketing issues. He spoke at a Senate Commerce Committee hearing Wednesday, which also included an executive from Ticketmaster's parent company, Live Nation. "We want to fix ticket pricing — ticket pricing that's been out of control for well over 30 years now," Rock said Wednesday on " America Reports He appeared alongside Sen. Marsha Blackburn , R-Tenn., who chaired the hearing. Rock largely pinned the blame on Ticketmaster and Live Nation, saying their merger "only made things worse" for fans. "You just ask anybody these days about buying a ticket to a popular sporting event or concert, and they'll tell you that it's a complete fiasco," he said, later adding that the merger "frickin' failed." Fox N Show less Read more
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