DOJ Set to Sue Live Nation Over Antitrust Violations
TL;DR Summary
The US Department of Justice is reportedly preparing to file an antitrust lawsuit against Live Nation Entertainment, particularly focusing on its subsidiary Ticketmaster's handling of the live event ticketing market. This comes after criticism and demands for investigation following issues with Taylor Swift's tour in 2022. The lawsuit is expected to claim that Live Nation has used its dominant position in the market to undermine competition. Shares of Live Nation dropped about 6% in extended trading following the news.
Topics:business#antitrust-lawsuit#business-legal#live-event-market#live-nation-entertainment#ticketmaster#us-department-of-justice
- US Justice Department to file antitrust suit against Live Nation, WSJ reports Reuters
- Exclusive | Justice Department to File Antitrust Suit Against Live Nation The Wall Street Journal
- Justice Department Preparing Ticketmaster Antitrust Lawsuit Bloomberg
- Live Nation Shares Slide on Report of DOJ Preparations for Antitrust Suit MarketWatch
- Live Nation Expected to Be Hit With Antitrust Suit: Report Business Insider
Reading Insights
Total Reads
0
Unique Readers
1
Time Saved
1 min
vs 2 min read
Condensed
75%
317 → 79 words
Want the full story? Read the original article
Read on Reuters