The Department of Justice filed an antitrust lawsuit against Live Nation Entertainment, accusing the world's largest concert promoter and ticketing company of…
announced an antitrust lawsuit against Live Nation Entertainment, accusing the world's largest concert promoter and ticketing company of monopolistic practices and calling to break up its merger with Ticketmaster.“Live Nation relies on unlawful, anticompetitive conduct to exercise its monopolistic control over the live events industry in the United States at the cost of fans, artists, smaller promoters, and venue operators,” Attorney General Merrick Garland said in a news release.
that oversees competition policy and antitrust issues scrutinizing the outsized role of Ticketmaster in the ticketing industry at a cost to consumers. Feeling out of the loop? We'll catch you up on the Chicago news you need to know. Sign up for the weeklyBut competitors, like Seat Geek CEO Jack Groetzinger, said even if Live Nation doesn't own a venue, it prevents competition by signing multi-year contracts with arenas and concert halls to provide ticketing services. If those venues don't agree to use Ticketmaster, Live Nation may withhold acts. That makes it tough for competitors to disrupt the market.
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DOJ announces antitrust lawsuit against Ticketmaster parent company Live Nation over alleged monopolyThe Department of Justice filed an antitrust lawsuit against Live Nation Entertainment, accusing the world's largest concert promoter and ticketing company of…
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Live Nation sued by DOJ over alleged Ticketmaster 'monopoly'Daysia Tolentino is a culture and trends reporter for NBC News.
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Live Nation, owner of Ticketmaster, expected to be hit with antitrust lawsuit from the DOJThe Justice Department and several states are expected to file a lawsuit as soon as Thursday against Live Nation Inc, citing alleged antitrust violations at least in part due to the market dominance of the company's Ticketmaster unit, a person briefed on the planned legal action said.
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Live Nation, owner of Ticketmaster, expected to be hit with antitrust lawsuit from the DOJThe Justice Department and several states are expected to file a lawsuit as soon as Thursday against Live Nation Inc, citing alleged antitrust violations at least in part due to the market dominance of the company's Ticketmaster unit, a person briefed on the planned legal action said.
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DOJ to seek breakup of Live Nation-Ticketmaster, shares slideDOJ to seek breakup of Live Nation-Ticketmaster, shares slide
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Ticketmaster and Live Nation Should Be Broken Up, DOJ Will Say In New LawsuitThe DOJ sued Live Nation Entertainment, the world's largest concert promoter and ticketing company over long-running monopoly allegations.
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