Business News
Justice Department Targets Live Nation In Antitrust Lawsuit
The US Justice Department is to launch an antitrust lawsuit against Live Nation, the parent company of Ticketmaster, within the next month.
This legal move could drive extensive changes in the concert promotion and ticketing sector, where Live Nation is a dominant player.
The suit is likely to claim Live Nation has used its market position to suppress competition in ticketing live events.
The specific allegations from the Justice Department remain undisclosed at this time.
Live Nation and Ticketmaster merged in 2010, a union that has since drawn scrutiny and criticism for potentially anti-competitive practices.
Critics argue the merger has hampered competition in the ticketing industry, with some suggesting that the solution is to dismantle the company.
Over the years, Live Nation has been accused of imposing excessive ticket fees, providing inadequate customer service, and engaging in other anti-competitive behaviors.
These criticisms have been echoed by lawmakers, regulatory bodies, and state attorneys general.
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