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US Sues To Break Up Ticketmaster Owner, Live Nation
The Justice Department on Thursday said it was suing Live Nation Entertainment [non-paywalled link], the concert giant that owns Ticketmaster, asking a court to break up the company over claims it illegally maintained a monopoly in the live entertainment industry. From a report: In the lawsuit, whic...
From a report: In the lawsuit, which is joined by 29 states and the District of Columbia, the government accuses Live Nation of dominating the industry by locking venues into exclusive ticketing contracts, pressuring artists to use its services and threatening its rivals with financial retribution. The case, filed 14 years after the government approved Live Nation's merger with Ticketmaster, has the potential to transform the multibillion-dollar concert industry. Live Nation's scale and reach far exceed those of any competitor, encompassing concert promotion, ticketing, artist management and the operation of hundreds of venues and festivals around the world.
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