DOJ Sues Live Nation to Break Up Ticketmaster Monopoly
The Justice Department has filed a lawsuit to break up Live Nation, the parent company of Ticketmaster, alleging it has monopolized the live events industry, harming consumers, artists, and smaller promoters. The suit, supported by 29 states and Washington, D.C., claims Live Nation's practices have led to higher fees for fans and fewer opportunities for artists. Live Nation disputes the allegations, arguing that its market share has been declining and that the lawsuit ignores key economic factors.