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, 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.