Reported 5 months ago
The U.S. Department of Justice has filed a significant antitrust lawsuit against Ticketmaster and Live Nation Entertainment, alleging that the companies are running an illegal monopoly on live events in America. The lawsuit, backed by 30 state and district attorneys general, aims to dismantle the monopoly that is claimed to drive up prices for fans and stifle competition in the entertainment industry. The lawsuit accuses Live Nation of anti-competitive practices that harm smaller promoters, artists, and ticket buyers, and seeks to break up the control exerted by the companies over various aspects of the industry.
Source: YAHOO