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 agency has probed the concert giant’s heft and negotiating power in ticketing and venues.
The US Department of Justice is preparing to sue the country’s largest concert promoter and ticketing website Live Nation in the coming weeks for breaking America’s antitrust laws, the Wall Street Journal reported, citing anonymous sources familiar with the Justice Department’s plans. The lawsuit against Live Nation Entertainment, the parent company of Ticketmaster, will allege the ticketing company used its market-leading position to harm competition for live events, the Journal reported. But...
Live Nation has been under fire for exorbitant ticket fees and lack of adequate customer service.
Shares of Ticketmaster parent Live Nation Entertainment Inc. fell after hours on Monday following a report that the Justice Department could file an
Live Nation has been arguing that its subsidiary Ticketmaster doesn't set ticket prices; rather, performers and sports teams do Source
The Department of Justice is planning to file a major anti-trust lawsuit against Ticketmaster’s parent company, Live Nation, as soon as next month, according to a report. The litigation will accuse the country’s largest concert promoter of leveraging dominance in a way that undermines competition, The Wall Street Journal first reported on Monday, citing sources familiar with the matter. The outlet did not report on the specific allegations to be brought in the suit. The DOJ opened its probe...
After years of complaints, it looks like the Justice Department is finally taking legal action against Ticketmaster's parent company.
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