US sues to break up Live Nation-Ticketmaster 'monopoly'
- The US Justice Department is suing Live Nation for monopolizing the live events industry, along with 30 US states and the District of Columbia.
- US Attorney General Merrick Garland stated, "It is time to break up Live Nation."
- Live Nation, through Ticketmaster, controls over 80% of primary ticketing for big venues, according to the antitrust lawsuit.
202 Articles
202 Articles
Virginia joins Justice Department, 28 states suing to break up Live Nation and Ticketmaster
Virginia is among a coalition of states that have joined with the U.S. Department of Justice to sue Live Nation Entertainment and its subsidy, Ticketmaster, claiming it is an illegal monopoly and should be broken up. The lawsuit, filed Thursday in the Southern District of New York, alleges the companies are violating antitrust laws through its myriad anticompetitive practices. In a Thursday news release, Virginia Attorney General Jason Miyares s…
Justice Department sues Ticketmaster and owner
WASHINGTON — The Justice Department sued Ticketmaster and its parent company Thursday, accusing them of running an illegal monopoly over live events in the U.S. and asking a court to break up the system that squelches competition and drives up…
Would breaking up Live Nation and Ticketmaster actually lower concert ticket prices?
The U.S. Department of Justice's effort to break up Live Nation and Ticketmaster has been a long time coming, following years of complaints from concertgoers who say they've been squeezed by exorbitant prices and hidden fees when trying to buy passes to see Taylor Swift, Beyoncé and other music megastars.
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