Reported 4 months ago
S&P Global has downgraded Live Nation Entertainment's outlook to negative due to the Justice Department's antitrust lawsuit against the ticketing giant. The lawsuit alleges that Live Nation used its Ticketmaster monopoly to stifle competition, resulting in higher prices and fees. S&P revised Live Nation's outlook to negative, citing uncertainty and potential operational impact. The agency maintained its ratings but warned of potential creditworthiness impairment. The lawsuit echoes longstanding antitrust concerns since the Live Nation-Ticketmaster merger in 2010.
Source: YAHOO