Checks & Imbalances: After Taylor Swift Debacle, Will Live Nation's PAC Speak Now? – Forbes
Today we look at Live Nation’s PAC now that everything has changed, investigate Ron DeSantis’ personal finances and look at House Republicans’ plans.
After this week’s glitch handling the ticket sale for Taylor Swift’s Eras Tour, lawmakers are wondering if they should’ve said no to Ticketmaster’s 2010 merger with Live Nation. If Swift were explaining the situation, she might say that Live Nation may know all too well what to do if it wants to get out of the woods and avoid congress’s vigilante s—t: it launched a PAC in October 2021. So it goes…
Live Nation PAC has received $86,000 in contributions, all from the company’s senior leaders, including CEO Michael Rapino and CFO Joe Berchtold. But the PAC’s expenditures are a blank space, as it hasn’t doled out any money, according to its most-recent filing with the Federal Election Commission, which covers through Oct. 19.
As individuals, Live Nation employees contributed at least $137,000 to other political committees in the 2021-2022 election cycle, with almost all of the change going to Democrats. Despite not being up for re-election, Sen. Jon Ossoff (D-Ga.) was the lucky one, receiving more than anyone. His campaign and PAC pulled in $45,000. Sen. Alex Padilla’s (D-Calif.) campaign took in $34,000, making the man the second biggest benefactor of Live Nation’s staffers.
The 1 corporate contribution Live Nation made itself was $8,700 to the 2016 host committee for the Democratic National Convention.
Spokespeople for Live Nation did not respond to a request to tell me why.
Full disclosure: Ticketmaster put your correspondent on the pre-sale waitlist.
Taylor Swift attends “In Conversation With… Taylor Swift” during the 2022 Toronto International Film Festival at TIFF Bell Lightbox on September 09, 2022 in Toronto, Ontario, Canada.
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— Taylor Swift, “High Infidelity”