Live Nation has been arguing that its subsidiary Ticketmaster doesn't set ticket prices; rather, performers and sports teams do Source
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.
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...
After years of complaints, it looks like the Justice Department is finally taking legal action against Ticketmaster's parent company.
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