US EditionDOJ to announce antitrust lawsuit against Live Nation as soon as Thursday
- The Justice Department and multiple states plan to sue Live Nation Inc for antitrust violations, likely revolving around Ticketmaster's dominance.
- Alleged antitrust violations involve the market control held by Live Nation's Ticketmaster arm.
- A successful outcome could result in significant changes within the live events industry.
136 Articles
136 Articles
The US Department of Justice and 30 states sue against the market power of concert promoter Live Nation and the ticket sales system Ticketmaster, which it merged with.
US Department of Justice files antitrust lawsuit against Ticketmaster owner Live Nation
Filed alongside 30 state and district attorneys general in federal court in the Southern District of New York, the DoJ says Live Nation Entertainment's monopoly has harmed everyone in the live music entertainment industry, from fans and venues to bands and startups.Read Entire Article
If the concert promoter were split up, ticket prices could fall in the long term, according to an SRF business editor.
It was presented by the US Department of Justice and the attorneys general of 30 American states, who accused the company of having established a substantial monopoly in the concert and live events sector
The United States accuses the entertainment giant Live Nation and its subsidiary Ticketmaster of exercising “monopoly control” over the industry.
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