Live Nation CEO, largest shareholder defend company after Taylor Swift ticket chaos ...Middle East

The CEOs of Live Nation and Liberty Media, the largest shareholder of the entertainment company, defended Ticketmaster and its merger with Live Nation on Thursday after criticism stemming from sales complications for Taylor Swift’s “Eras” tour. Liberty Media CEO Greg Maffei told CNBC’s “Squawk on the Street” that demand for tour tickets “exceeded every expectation,” causing technical difficulties on the Ticketmaster site. “It’s a function of Taylor Swift. The site was supposed to open up for 1.5 million verified Taylor Swift fans. We had 14 million people hit the site, including bots, which are not supposed to be there,” said Maffei. Live Nation chief Michael Rapino corroborated Ma

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