Reported 5 months ago
The U.S. Department of Justice, along with a group of states, is reportedly planning to sue Live Nation Entertainment with the possibility of seeking a breakup, according to Bloomberg News. This legal action is part of an antitrust campaign against Ticketmaster's owner, focusing on Ticketmaster's dominance in concert ticket sales. The lawsuit, expected to be filed in the Southern District of New York, comes after years of scrutiny following the Live Nation-Ticketmaster merger in 2010 and issues with ticket sales, particularly during a Taylor Swift concert tour. The aggressive approach of President Joe Biden's antitrust enforcers and the power of concert-goers are highlighted in this legal move.
Source: YAHOO