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DOJ files lawsuit against Live Nation for allegedly monopolizing the industry

DOJ files lawsuit against Live Nation for allegedly monopolizing the industry

The U.S. Department of Justice has officially filed an antitrust lawsuit against Ticketmaster and its parent company, Live Nation, for allegedly monopolizing the music and live entertainment industry and driving up ticket prices for fans.

The lawsuit, which is backed by 29 states and Washington, D.C., accuses both companies of unlawfully using their power over artists, venues, and promoters to thwart competition.

In response to the lawsuit, Live Nation said in a statement that the DOJ will “lose in court because it ignores the basic economics of live entertainment.”

More here: https://www.scrippsnews.com/us-news/doj-files-sweeping-antitrust-lawsuit-against-ticketmaster-and-parent-company-live-nation

Photo: Shutterstock and Canva

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