Rob Wile is a breaking business news reporter for NBC News Digital.
Many live music fans likely met the news that the U.S. Justice Department is seeking to break up Ticketmaster and its parent company Live Nation with glee. Long the subject of consumer complaints, angst toward the two companies reached a crescendo in 2022 when Bruce Springsteen fans were confronted with so-called “dynamic pricing” that saw face-value ticket costs rise to hundreds of dollars.
Harper said breakup of Live Nation and Ticketmaster would ideally foster more competition by allowing new firms into the market, giving consumers, artists and venues more choice in who they work with — and in turn driving down costs across the board. “You could see venues testing out and shopping around for different ticketing platforms and not having to stick with just one like Ticketmaster,” Harper said.
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Justice Department moves to break ‘monopoly’ on live events by Ticketmaster and Live NationAn antitrust lawsuit was filed Thursday in New York and was brought with 30 state and district attorneys general.
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Department of Justice sues Live Nation over Ticketmaster's alleged monopoly of live eventsThe DOJ has sued Live Nation over Ticketmaster's alleged live event monopoly, following a Senate hearing on its role in the disastrous Taylor Swift Eras Tour ticket rollout.
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Watch Live: Justice Department announces Ticketmaster and Live Nation antitrust suitThe Justice Department filed a federal lawsuit accusing Ticketmaster and its parent company Live Nation of illegally monopolizing the live entertainment industry.
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DOJ sues Live Nation and Ticketmaster, alleging 'monopolistic control' over live events businessThe Justice Department has filed a civil antitrust lawsuit against Live Nation-Ticketmaster, alleging 'monopolization and other unlawful conduct.'
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Watch Live: DOJ announces Live Nation and Ticketmaster antitrust lawsuitThe 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 offers $25 concert tickets during Live Nation Concert WeekLive Nation is set to offer $25 concert tickets to more than 5,000 shows during Live Nation Concert Week.
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