Reported 5 months ago
The US Department of Justice (DOJ) is reportedly preparing to file an antitrust lawsuit against Live Nation Entertainment, the owner of Ticketmaster, following a two-year investigation into the company's alleged anti-competitive practices in the live entertainment industry. The lawsuit is expected to accuse Live Nation of monopolizing the industry and limiting consumer choice, with shares dropping more than 5% on the news. The DOJ is set to make an announcement at a press conference later, addressing the specific claims.
Source: YAHOO