DOJ Sues to Break Up Live Nation-Ticketmaster Monopoly

The Justice Department and 30 state attorneys general have filed a major antitrust lawsuit seeking to break up Live Nation Entertainment, the owner of Ticketmaster, over alleged monopolistic practices in the concert ticket sales industry. The lawsuit claims that Live Nation's dominance has led to higher prices and fewer choices for consumers, artists, and venues. Live Nation denies the allegations, arguing that the lawsuit misattributes the causes of high ticket prices and service fees. The lawsuit follows a two-year investigation and is part of broader antitrust efforts by the Biden administration.