Justice Department expected to file antitrust lawsuit against Live Nation, owner of Ticketmaster
[KARAH RUCKER]
THE JUSTICE DEPARTMENT IS EXPECTED TO FILE AN ANTITRUST LAWSUIT AGAINST LIVE NATION, THE OWNER OF TICKETMASTER, AS EARLY AS TODAY.
THE DOJ COULD TAKE SEVERAL ACTIONS, FROM DEMANDING THAT THE COMPANY HALT ANY ILLEGAL PRACTICES — TO PURSUING A MORE DRASTIC MEASURE OF ASKING A COURT TO BREAK UP THE COMPANY.
THIS ACTION FOLLOWS ALLEGATIONS THAT THE COMPANY HAS ABUSED ITS POSITION AS A CONCERT PROMOTER, TICKET SELLER, AND VENUE OWNER TO SUPPRESS COMPETITION, LEADING TO REDUCED CONSUMER CHOICE AND HIGHER TICKET PRICES.
THE LAWSUIT IS A RESPONSE TO PUBLIC OUTCRY, NOTABLY AFTER TICKETMASTER’S MISHANDLING OF TICKET SALES FOR TAYLOR SWIFT’S “ERAS TOUR” IN 2022 — LEADING TO SIGNIFICANT BACKLASH FROM FANS AND POLITICIANS.