From Yahoo Finance: 2024-05-23 16:10:56

The Justice Department filed a lawsuit seeking to break up Live Nation, accusing the entertainment giant of using its Ticketmaster ticketing monopoly to suppress competition. This comes after a two-year investigation into the company. Live Nation’s stock dropped 5% as the suit was filed. Attorney General Merrick Garland stated that Live Nation’s actions result in fans paying more and fewer opportunities for artists, promoters, and venues. Live Nation denies the allegations, claiming they are not responsible for high ticket prices. The DOJ aims to address long-standing criticism of the company’s practices.



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