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Concert Industry

All articles tagged with #concert industry

business1 year ago

Taylor Swift and DOJ Take on Ticketmaster in Major Antitrust Case

The Justice Department has filed an antitrust lawsuit against Live Nation Entertainment, the owner of Ticketmaster, alleging that the company's merger has stifled competition, hindered innovation, and led to higher ticket prices. The case relies heavily on internal emails from Live Nation executives, including CEO Michael Rapino, to support its claims. Live Nation denies being a monopoly and argues that it faces more competition than ever.

via The New York Times|
#antitrust#business#concert-industry
business1 year ago

DOJ Targets Ticketmaster Monopoly Amidst Taylor Swift Controversy

The U.S. Department of Justice has filed a federal lawsuit against Ticketmaster and its parent company Live Nation, accusing them of monopolizing the live entertainment industry to the detriment of concertgoers, artists, and venues. The lawsuit seeks to break apart the two entities, highlighting how their dominance negatively impacts the entire concert ecosystem, from ticket buyers to promoters. This case is part of a broader DOJ effort to tackle anti-competitive practices in various industries.

via Slate|
#antitrust#business#concert-industry
businesslegal1 year ago

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.

via ABC News|
#antitrust#businesslegal#concert-industry
businesslegal1 year ago

DOJ Sues to Break Up Ticketmaster and Live Nation Monopoly

The US government and 30 states have filed a groundbreaking antitrust lawsuit against Live Nation, the parent company of Ticketmaster, alleging monopolistic practices that harm concertgoers, artists, and smaller promoters. The lawsuit seeks to break up the company, which controls a significant portion of the live events and ticketing market. The case follows widespread criticism of Ticketmaster's fees and service issues, highlighted by the 2022 Taylor Swift ticketing fiasco. Live Nation denies the allegations, calling them baseless.

via CNN|
#antitrust#businesslegal#concert-industry
businesslegal1 year ago

DOJ to Sue Live Nation, Seek Breakup Over Monopoly Concerns

The Department of Justice is expected to file an antitrust lawsuit calling for the breakup of Live Nation and Ticketmaster, citing their monopolistic control over the concert and ticketing industry. This move follows years of scrutiny and complaints from fans, lawmakers, and competitors, particularly after the problematic ticket sales for Taylor Swift's Eras Tour. Lawmakers like Amy Klobuchar and Richard Blumenthal have supported increased regulation, arguing that the merger has stifled competition. Live Nation denies the allegations, claiming the industry remains competitive and blaming high ticket prices on artists and venues.

via Rolling Stone|
#antitrust#businesslegal#concert-industry
business1 year ago

DOJ Set to Sue Live Nation Over Antitrust Violations

The US Department of Justice is reportedly preparing to file an antitrust lawsuit against Live Nation Entertainment, citing its alleged anti-competitive practices in the live event ticketing market. This move comes after widespread criticism of Live Nation's subsidiary Ticketmaster's handling of Taylor Swift's tour and concerns about their dominance in the industry. Live Nation's president apologized for the issues, but the Justice Department is expected to claim that the company has undermined competition. Shares of Live Nation dropped about 6% in extended trading following the news.

via Yahoo Finance|
#antitrust-lawsuit#business#concert-industry