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US government to sue Live Nation for antitrust violations

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https://finance.yahoo.com/news/us-justice-department-file-antitrust-214340109.html

(Reuters) -The U.S. Department of Justice is expected to file an antitrust lawsuit against Live Nation Entertainment as soon as next month, the Wall Street Journal reported on Monday, citing people familiar with the matter.

 

Live Nation's subsidiary Ticketmaster was widely criticized for its handling of Taylor Swift's "Eras" tour in 2022, feeding demands that the two companies be investigated for harming consumers through their dominance of the live event market.

 

U.S. senators slammed Live Nation's lack of transparency, fee structure and inability to block bot purchases of tickets during a hearing in January 2023.

 

Joe Berchtold, Live Nation's president and chief financial officer, apologized to Swift fans at that hearing, but Ticketmaster has argued that bots used by scalpers were to blame for the debacle.

 

The Wall Street Journal reported that the Justice Department lawsuit would claim that Live Nation has leveraged its commanding share of the live event ticketing market in a way that undermines competition.

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This is good news if they really do go after them. Live Nation, Ticketmaster, and friends have a monopoly on the entertainment industry and the situation is a mess for the artists and music lovers while a few people are making a lot of money off of it.

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This is good news if they really do go after them. Live Nation, Ticketmaster, and friends have a monopoly on the entertainment industry and the situation is a mess for the artists and music lovers whi

https://finance.yahoo.com/news/us-justice-department-file-antitrust-214340109.html (Reuters) -The U.S. Department of Justice is expected to file an antitrust lawsuit against Live Nation Entertain


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