Reported 5 months ago
The US Justice Department has filed an antitrust lawsuit against Live Nation, alleging a monopoly over live events and harming fans, artists, and venues. Northeastern University law professor David Herlihy discusses the lawsuit, stating that breaking up the company may not fully solve the issue due to the complex nature of the live music ecosystem. Live Nation's response includes pointing out competition in the market and proposing solutions like letting artists cap resale prices to address concerns about the secondary market. The article emphasizes the difficulty in regulating the industry effectively, highlighting the absence of a simple solution to the issues at hand.
Source: YAHOO