Senate Hearing on Ticketing Monopoly Features Kid Rock and Live Nation Executive
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jan 21 2026
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Source: Newsfilter
- Hearing Scheduled: The U.S. Senate Commerce Committee will hold a hearing on January 28 focusing on unfair ticketing practices, featuring executives from Live Nation and singer Kid Rock, aiming to enhance consumer protection and address monopolistic issues in the ticketing market.
- Legal Action Background: In 2024, the U.S. Justice Department and several state attorneys general sued Live Nation and its subsidiary Ticketmaster for allegedly monopolizing the live music industry, harming both artists and consumers, highlighting significant inequities within the industry.
- FTC Lawsuit Support: Senators Marsha Blackburn and Ben Ray Lujan filed a legal brief supporting the FTC's lawsuit against ticket reseller Key Investment Group, accusing it of using automated software to purchase tickets in bulk and resell them at inflated prices, thereby harming ordinary consumers.
- Trump's Executive Order: Former President Trump signed an executive order in March 2023 aimed at protecting fans from
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Analyst Views on LYV
Wall Street analysts forecast LYV stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for LYV is 175.86 USD with a low forecast of 164.00 USD and a high forecast of 190.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
14 Analyst Rating
14 Buy
0 Hold
0 Sell
Strong Buy
Current: 147.530
Low
164.00
Averages
175.86
High
190.00
Current: 147.530
Low
164.00
Averages
175.86
High
190.00
About LYV
Live Nation Entertainment, Inc. is a live entertainment company. The Company is a producer of live music concerts. Its segments include Concerts, Ticketing and Sponsorship & Advertising. The Concerts segment principally involves the global promotion of live music events in its owned or operated venues and in rented third-party venues, the operation and management of music venues, the production of music festivals across the world, the creation of associated content and the provision of management and other services to artists. The Ticketing segment is an agency business that sells tickets for events on behalf of its clients. The Sponsorship & Advertising segment employs a sales force that creates and maintains relationships with sponsors through a combination of strategic, international, national, and local opportunities that allow businesses to reach customers through its concert, festival, venue and ticketing assets, including advertising on its Websites.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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