Just over an hour. Thanks senator lee, let me welcome the six witnesses whom i will introduce. Prior the joining live nation, partner with Mckenzie Company leaving west coast practice. The Company Originally launched as aggregator of resale ticket listings but operates as primary ticket outlet and secondary marketplace for sports teams and live event venues. Prior to founding this is a return trip for mr. Mickelson. He testified before the antitrust committee in february in 2009 of the hearing of the then pending merger of ticketmaster and live nation. At the time he warned of any competitive effects of the merger could have stating, quote, its my belief this merger is vertical integration on steroids, close quote. I look forward to hearing an update. Senior Vice President of the James Madison institute, jmi, tallahassee think tank focusing on free Market Economics in florida. His writings have been published. Catherine british serves as the american antitrust institutes Vice President
And demand. For the mar marketing and resale of tickets to sports competitionsld be but it is not about one dominant market player of the primary market this does allow them the ability to le through service to the exclusivity requirements and that are ultimately borne by consumers. A debate is occurring over whatins when they purchase a ticket. As some woulds leasing or renting a space in a venue and that is subject to terms and conditions. In our opinion that logic rests on the misguided assumption that the venue. Ask anyone attending a jaguars for that matter where they are going and they will reply im going the game, or im going to take my daughters to see harry styles. They would not reply with img to the bank field this afternoon or just taking myids to amway arena. The stadium might have a lifespan of 50 y individual purchase a commodity with a much more limited lifespan a hours. This distinction in our opinion is vital to the event of ticketing space. Over the last several year