Reported 5 months ago
The Department of Justice, along with several U.S. states, plans to sue Live Nation Entertainment, the owner of Ticketmaster, over an alleged monopoly in the entertainment industry. The lawsuit alleges that Live Nation used Ticketmaster's exclusive contracts with venues to raise prices and fees for consumers, claiming the company has an illegal monopoly. This legal action comes after a Ticketmaster glitch in 2023 left many unable to purchase tickets for Taylor Swift's tour, which was blamed on bots by Live Nation. Live Nation has defended itself, stating that ticket prices are set by artists and teams, not the company, and Ticketmaster is responsible for a significant portion of ticketing at major U.S. concert venues.
Source: YAHOO