Reported 5 months ago
The Justice Department is suing Ticketmaster and Live Nation, potentially leading to a breakup of Live Nation Entertainment to increase competition in the U.S. ticket-selling market, currently dominated by Ticketmaster. This lawsuit aims to address practices that maintain Live Nation's stronghold, such as long-term contracts and blocking venues from using multiple ticket sellers. The case was influenced by issues like high ticket prices and limited access to popular events, with the trial expected to be lengthy and potentially leading to changes in the ticketing industry.
Source: YAHOO