Reported 6 months ago
The U.S. Department of Justice, along with 29 states and the District of Columbia, filed an antitrust suit against Live Nation, aiming to force the concert giant to divest its interest in Ticketmaster due to alleged abuse of power by forcing venues into exclusive ticketing contracts and pressuring artists to use its services. The suit claims the added fees on ticket prices create a 'Ticketmaster Tax' that ultimately raises prices for fans. Live Nation argues that the lawsuit won't reduce ticket prices and fees, attributing high prices to various factors beyond their control, and stating that their market share for ticketing has decreased in recent years.
Source: YAHOO