The Department of Justice, California and other states sued the concert behemoth Live Nation, alleging anti-trust violations that could break up the company.
The Justice Department on Thursday announced it has filed a suit against Ticketmaster's LA-based parent company Live Nation Entertainment, seeking to break up the company over allegations that it created an illegal monopoly over the live entertainment industry.
'The DOJ's lawsuit won't solve the issues fans care about relating to ticket prices, service fees, and access to in-demand shows,' the company said. 'Calling Ticketmaster a monopoly may be a PR win for the DOJ in the short term, but it will lose in court because it ignores the basic economics of live entertainment, such as the fact that the bulk of service fees go to venues, and that competition has steadily eroded Ticketmaster’s market share and profit margin.
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DOJ sues Live Nation-Ticketmaster, citing monopoly harms and high feesThirty states and district attorneys general brought the lawsuit saying it is squeezing out smaller promoters and hurting artists.
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DOJ files 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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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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