DOJ officially files antitrust lawsuit against Live Nation

the Department of Justice is bringing forward in its case. Concertgoers have been fuming for years over inflated ticket prices and online fees when purchasing from Live Nation , who merged with Ticketmaster in 2010.The justice department is widening its antitrust crackdown as it goes after live Nation filing a lawsuit Thursday that seeks a break up of the entertainment giant.So everyone saw it coming but it is a very sweeping lawsuit.

So what the DOJ is now saying is that they are acting as a gatekeeper over the entire industry in the US for live music.Now, who are they saying is being harmed here? "I wouldn’t have wanted to be away from home five days a week. That wouldn’t have been good for the family or for me.”London Drugs says it is "unwilling and unable" to pay the $25 million ransom demanded by cybercriminals who breached the Western Canadian pharmacy and retailer's computer systems in April, which prompted the company to close all of its 79 stores for several days. Heather Yourex-West explains what this could mean for London Drugs' staff and customers.

Source: News Formal (newsformal.com)

US Justice Department Alexis Keenan Event Promoter Antitrust Lawsuit Market Domination

Canada Latest News, Canada Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Illegal monopoly by Ticketmaster and Live Nation drives up prices for fans: U.S. DOJThe Justice Department sued Ticketmaster and its parent company Thursday, accusing them of running an illegal monopoly over live events in America and asking a court to break up the system that squelches competition and drives up prices for fans.
Source: CP24 - 🏆 30. / 67 Read more »

Watch: AG Garland Announces DOJ Lawsuit to Break up Live NationThe Justice Department and more than two dozen states sued Live Nation, alleging “anticompetitive and illegal” conduct by the entertainment giant. Photo...
Source: YahooFinanceCA - 🏆 47. / 63 Read more »

US DOJ sues to break up Live Nation, TicketmasterPoliticians, concert fans and experts have called on U.S. authorities to reconsider investigating the 2010 merger of Live Nation Entertainment and...
Source: YahooFinanceCA - 🏆 47. / 63 Read more »

DOJ widens antitrust crackdown as it seeks a breakup of Live NationProsecutors argue Live Nation used its Ticketmaster ticketing monopoly to suppress competition, the latest in several actions to rein in the power of big...
Source: YahooFinanceCA - 🏆 47. / 63 Read more »

DOJ to seek an antitrust suit against Live Nation: ReportsAccording to Bloomberg reports, US Department of Justice (DOJ) officials could be ready to present an antitrust case against concert promoter and ticket...
Source: YahooFinanceCA - 🏆 47. / 63 Read more »

US DOJ to seek break up of Live Nation, Bloomberg News reportsThe dispute is tied to Ticketmaster's control of concert ticket sales, the report said, adding that a lawsuit is expected to be filed in the Southern...
Source: YahooFinanceCA - 🏆 47. / 63 Read more »