US singer-songwriter Beyonce performs during the 94th Oscars at the Dolby Theatre in Hollywood, California on March 27, 2022. (Photo by Robyn Beck / AFP) (Photo by ROBYN BECK/AFP via Getty Images)
<p>The U.S. <strong>Senate</strong> sent an ominous warning to Ticketmaster claiming they are &#8220;watching&#8221; ticket sales after <a href="https://dev.theshaderoom.com/?s=beyonce&;post_type=post" target="_blank" rel="noopener"><strong>Beyoncé</strong></a> announced her &#8220;Renaissance&#8221; world tour earlier this week, in an effort to thwart issues similar to Taylor Swift&#8217;s pre-sale debacle back in November.</p>
<p>The Senate Judiciary Committee posted a cryptic tweet reading &#8220;we&#8217;re watching&#8221; in response to a tweet regarding fans preparing for a ticket-buying fiasco.</p>
<h3 style="text-align: center;">&#8220;We&#8217;re Watching&#8221; Senate Judiciary Committee Tells Ticketmaster Ahead Of Beyoncé World Tour</h3>
<blockquote><p>“We’re watching,” the committee’s account ominously tweeted.</p></blockquote>
<p>The &#8220;Renaissance&#8221; tour kicks off in Stockholm, Sweden, on May 10. She’ll then hit up a slew of European cities before making her way over to North America, where her Sept. 27 show in New Orleans will mark the end of the tour, <strong><a href="https://dev.theshaderoom.com/beyhive-reacts-beyonce-renaissance-tour-black-history-month/" target="_blank" rel="noopener">The Shade Room</a></strong> previously reported.</p>
<p>The scrutiny of Ticketmaster and parent company Live Nation comes after ticket sales for Taylor Swift&#8217;s &#8220;Eras&#8221; Tour, as senators claimed Ticketmaster is monopolizing the industry ever since they merged with Live Nation back in 2010.</p>
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<h3 style="text-align: center;">Ticketmaster Looking To Avoid Another Taylor Swift Debacle After The Website Crashed Due To Influx Of Swifties</h3>
<p>Once the presale tickets went live back in November, all-out chaos ensued as people scrambled to secure their spot to see the “All Too Well” artist perform live.</p>
<p>Ticketmaster ultimately crashed due to the influx of Swifties, which the platform described as “historically unprecedented demand” in a tweet.</p>
<p>The debacle left millions of fans waiting hours in line for the tour’s pre-sale, but were left empty-handed due to glitches and unclear rules about pre-sale access. Ticketmaster ultimately ended up canceling the general sale due to what they called an “unprecedented demand.”</p>
<p>Ticketmaster had fans register as &#8220;verified fans&#8221; for pre-sale, which a record-setting 3.5 million people did, according to the <a href="https://nypost.com/2023/02/03/senate-warns-ticketmaster-were-watching-beyonce-tour-sales/" target="_blank" rel="noopener"><strong>New York Post</strong></a>.</p>
<blockquote><p>“This whole concert ticket system is a mess — it’s a monopolistic mess,” Sen. Richard Blumenthal (D-Conn.) said during the hearing.</p></blockquote>
<figure id="attachment_110764" aria-describedby="caption-attachment-110764" style="width: 1140px" class="wp-caption alignnone"><img class="size-full wp-image-110764" src="https://dev.theshaderoom.com/wp-content/uploads/2023/02/GettyImages-1246499931-scaled.jpg" alt="" width="1140" height="760" /><figcaption id="caption-attachment-110764" class="wp-caption-text">Amy Edwards and Parker Harrison demonstrate against the live entertainment ticket industry outside the U.S. Capitol January 24, 2023 in Washington, DC. The Senate Judiciary Committee is holding a hearing this morning to explore whether the merger of Live Nation and Ticketmaster has stifled competition and harmed the consumer marketplace. (Photo by Drew Angerer/Getty Images)</figcaption></figure>
<blockquote><p>“I believe in capitalism, and to have a strong capitalist system, you have to have competition,” said Sen. Amy Klobuchar (D-Minn.). “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.’”</p></blockquote>
<p>Meanwhile, Live Nation president Joe Berchtold said Ticketmaster could &#8220;do better,&#8221; but stopped short of calling it a monopoly.</p>
<p>Ticketmaster now owns around 200 major concert venues across the U.S. following its merger with Live Nation.</p>
<h3 style="text-align: center;">Pre-Sale Ticket Purchase For Beyonce’s &#8220;Renaissance&#8221; World Tour HaS Already Exceeded 800% In Ticket Availability</h3>
<p>The company typically sells roughly 70 percent of tickets for all major venues, typically by way of exclusive contracts, per a federal lawsuit filed by ticket-buyers last year.</p>
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<p>The amounts to upwards of 500 million ticket sales every year, with a international presence in over 30 countries.</p>
<p>And the demand for Beyonce’s &#8220;Renaissance&#8221; world tour is already projected to be extremely high.</p>
<p>Earlier this week, Live Nation said in an email to fans that the number of pre-sale ticket purchases have “already exceed the number of available tickets by more than 800 percent” in some cities, the Post reports.</p>
<blockquote><p>“It is expected that many interested fans may not be able to get tickets because demand drastically exceeds supply,” the email reads.</p></blockquote>
<p>New dates for the &#8220;Renaissance&#8221; tour are already being added, including a concert at MetLife Stadium in East Rutherford, New Jersey.</p>
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