DOJ and 30 States Sue to Break Up Ticketmaster-Live Nation Monopoly
TL;DR Summary
The Department of Justice and 30 state attorneys general have filed a federal antitrust lawsuit against Live Nation Entertainment and its subsidiary Ticketmaster, alleging the company has created a monopoly on live event ticket prices in the U.S. The suit claims Live Nation's dominance in the market has led to inflated ticket prices and restricted competition. If successful, the lawsuit could significantly alter the live event industry and ticket pricing. Live Nation disputes the claims, arguing that factors like production costs and artist popularity are responsible for high ticket prices.
- Department of Justice and 30 states file anti-monopoly lawsuit against Ticketmaster and Live Nation Entertainment NPR
- DOJ sues Ticketmaster, Live Nation to reduce concert ticket prices. Here's what we know. USA TODAY
- Breaking Down The DOJ Lawsuit livenationentertainment.com
- DOJ sues to split up Ticketmaster and Live Nation, alleges "monopolistic control" The Associated Press
- How Live Nation-Ticketmaster became the villain of our time MSNBC
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