Today's Senate Judiciary Committee hearing on the live entertainment ticketing industry, where senators heard from industry officials, antitrust experts and even one musician, just wrapped up.
The hearing came about two months after Ticketmaster's mishandling of the sale of Taylor Swift concert tickets in November.
While Swift herself wasn't there, her lyrics certainly were. Senators and witnesses alike peppered in references to the artist's catalogue throughout the hearing.
Here are some of the highlights:
- In her opening statement, Sen. Amy Klobuchar talked about the need to have competition in capitalism: "To have a strong capitalist system, you have to have competition. You can't have too much consolidation — something that, unfortunately for this country, as an ode to Taylor Swift, I will say, we know 'all too well.'"
- Sen. Richard Blumenthal told Live Nation's CFO, "Ticketmaster ought to look in the mirror, and say, 'I’m the problem, it's me'"
- Sal Nuzzo, with the James Madison Institute, described how the leading player in the market would argue that their growth benefits consumers. "A few million Taylor Swift fans would respond, 'This is why we can’t have nice things,'" he added.
- Sen. Mike Lee called restricting the ability of consumers to resell their tickets "a nightmare dressed like a daydream."
- Lee made a second Swift reference when he described how he had hoped to become the chair of the Subcommittee on Competition Policy, Antitrust, and Consumer Rights over Klobuchar. "I was hoping to get the gavel back, but once again, Senator Klobuchar is cheer captain and I'm on the bleachers."