Live Nation
The question
To ask the Secretary of State for Business and Trade, what assessment he has made of the potential impact of Live Nation Entertainment and its subsidiary Ticketmaster controlling a majority share of the UK live music ticketing market on competition and consumer outcomes.
Answered by Kate Dearden
The Government is committed to ensuring markets work well for consumers and businesses. As the UK’s lead consumer and competition authority, the Competition and Markets Authority (CMA) has a statutory duty to promote competition for the benefit of consumers. It is the role of the CMA to examine potential breaches of competition law, including abuse of a dominant position, and investigate markets if it thinks there are competition or consumer problems. As an independent authority, the CMA has discretion to investigate competition matters which, according to its prioritisation principles, it considers most appropriate.
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