The Justice Department is preparing to file an antitrust lawsuit against
The Justice Department is preparing to file a federal antitrust lawsuit against Live Nation, the parent company of Ticketmaster, according to multiple reports. The Wall Street Journal first reported Monday that the Justice Department will be filing an antitrust lawsuit against Live Nation in the coming weeks, citing people familiar with the matter. Live Nation
Live Nation and Ticketmaster have faced widespread public scrutiny for dominance in the ticketing industry, which critics say has allowed them to raise prices on live entertainment.
Live Nation and Ticketmaster have faced widespread public scrutiny for dominance in the ticketing industry, which critics say has allowed them to raise prices on live entertainment.
The Justice Department reportedly plans to sue Live Nation, the ticket and entertainment giant, 14 years after it allowed Live Nation to acquire Ticketmaster. The Wall Street Journal reports the antitrust lawsuit will allege that Live Nation undermined competition for ticketing live events. NBC News' Brian Cheung reports.
Live Nation Entertainment may face an antitrust lawsuit from the Justice Department as soon as next month, The Wall Street Journal reports. The agency began investigating the Ticketmaster parent for potential abuses of power in 2022, amid outcry over various ticketing failures for Taylor Swift’s Eras Tour. The lawsuit would allege that Live Nation’s concert promotion and ticketing operations have undermined competition in the live music market, The Journal reports, citing sources familiar with...
The Department of Justice's antitrust division is reportedly getting ready
Netflix Reports Blowout Q1 Results & Sub Adds, But Warns Gains Will Slow, Will End Reporting Of Quarterly Subs; Stock Slides After suffering a historic collapse at the end of 2021, when in the span of five months Netflix lost 75% of its value, and when Ackman first bought then immediately dump the stock just around the generational bottom, the company has enjoyed a stellar recovery over the past two year when it rose by nearly 300%, from a low of $166 to a recent high of price of...
The Department of Justice (DOJ) is planning to sue Live Nation, one of the
Live Nation has been under fire for exorbitant ticket fees and lack of adequate customer service.
The 76ers will reportedly make the argument that they have "been disadvantaged more than any other team" in the league when it comes to officiating so far in the playoffs.
Almost everything went the Lakers way on Sunday as they thoroughly dominated the Pelicans en route to a comfortable 124-108 win, securing the eighth seed and a rematch in New Orleans on Tuesday. It wasn’t a perfect day, however, as Anthony Davis gingerly walked off the court in the final minutes. AD was holding his lower back and attempted to stretch it out at the scorer’s table before slowly walking to the locker room as the Lakers closed out their win. Fortunately, it appears there is nothing...