Posted by & filed under Financial Accounting, Marketing & Strategy.

Description: Taylor Swift called it “excruciating.” That’s her take on the fiasco that saw frustrated fans struggling to secure tickets for her upcoming tour after waiting it out for hours. Swift and others see this as a signal that Ticketmaster – and its parent company Live Nation – are broken. Calls are emerging to investigate the domination of ticket sales by the Live Nation/Ticketmaster combo.

Date: November 17&18, 2022

Source:  msn.com; nbc.com

 Link: https://www.msn.com/en-us/travel/news/i-knew-you-were-trouble-the-taylor-swift-ticket-fiasco-is-a-sign-to-fix-ticketmaster/ar-AA14h03j

https://www.nbcnews.com/news/us-news/tennessee-ag-investigating-ticketmaster-taylor-swift-ticket-chaos-rcna57629

Discussion points:

1) What sort of experiences have you and your classmates had with Ticketmaster and Live Nation?

2) What do you think can be done to fix these ticket acquisition issues?

3) Problem 2.1 A on page 2-38 of Wiley’s Financial Accounting: Tools for Business Decision-Making introduces us to the statement of financial position of Live Nation Entertainment Corp. Can you solve this problem?

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