"DOJ Prepares Antitrust Lawsuit Against Live Nation and Ticketmaster Over Ticketing Monopoly"
The Department of Justice's antitrust division is reportedly preparing to file a lawsuit against Live Nation, the owner of Ticketmaster, accusing the live entertainment giant of using its dominant position in the industry to undermine competition. This comes after years of criticism and a two-year investigation into alleged anticompetitive practices and monopoly concerns. Live Nation has denied these accusations, arguing that artists set ticket prices and that Ticketmaster's fees are necessary to cover operational costs. The potential lawsuit follows longstanding complaints about the practices of the entwined companies and their impact on the live entertainment industry.