Post by mhbruin on Apr 16, 2024 8:43:44 GMT -8
That's the Ticket!!
The Justice Department is preparing to sue Live Nation as soon as next month, an antitrust challenge that could spur major changes at the biggest name in concert promotion and ticketing.
The agency is preparing to file an antitrust lawsuit against the Ticketmaster parent in the coming weeks that would allege the nation’s biggest concert promoter has leveraged its dominance in a way that undermined competition for ticketing live events, according to people familiar with the matter.
The specific claims the department would allege couldn’t be learned. The federal government opted out of trying to block Live Nation and TicketMaster’s 2010 tie up.
Since then, the company has faced accusations of exorbitant ticket fees, flawed customer service and anticompetitive practices from lawmakers, regulators and state attorneys general. Critics of the merger say it has stifled competition in ticketing and that the company should be broken up.
The Justice Department is preparing to sue Live Nation as soon as next month, an antitrust challenge that could spur major changes at the biggest name in concert promotion and ticketing.
The agency is preparing to file an antitrust lawsuit against the Ticketmaster parent in the coming weeks that would allege the nation’s biggest concert promoter has leveraged its dominance in a way that undermined competition for ticketing live events, according to people familiar with the matter.
The specific claims the department would allege couldn’t be learned. The federal government opted out of trying to block Live Nation and TicketMaster’s 2010 tie up.
Since then, the company has faced accusations of exorbitant ticket fees, flawed customer service and anticompetitive practices from lawmakers, regulators and state attorneys general. Critics of the merger say it has stifled competition in ticketing and that the company should be broken up.