U.S. Justice Department files sweeping antitrust lawsuit against Ticketmaster, Live Nation

The Justice Department filed a sweeping antitrust lawsuit against Ticketmaster and parent company Live Nation Entertainment on Thursday, accusing them of running an illegal monopoly over live events in America – squelching competition and driving up prices for fans.

The Justice Department accuses Live Nation of a slew of practices that allow it to maintain a stronghold over the live music scene, including using long-term contracts to keep venues from choosing rival ticketers, blocking venues from using multiple ticket sellers and threatening venues that they could lose money and fans if they don’t choose Ticketmaster.

The lawsuit is the latest example of the Biden administration’s aggressive antitrust enforcement approach targeting companies accused of engaging in illegal monopolies that box out competitors and drive up prices. In March, the Justice Department filed a lawsuit against Apple alleging that the tech giant has monopoly power in the smartphone market. The Democratic administration has also taken on Google, Amazon and other tech giants.

Source: News Formal (newsformal.com)

Canada News Breaking News Video Canadian Breaking News Breaking News Globe And Mail Breaking News Globe And Mail Canada News Photos World News Local News National News Us News Foreign News Sports News Arts News Life News Lifestyle Canada Traffic Canada Weather Trudeau Government Federal Government Canada Sports Canada Sports News Politics Politics News Political News Political Opinion Environment Economy Technology Education Travel Canada Alberta Bc British Columbia Manitoba Ontario Quebec Nova Scotia Pei New Brunswick Newfoundland And Labrador Nunavut Northwest Territories Yukon Globe And Mail

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.

U.S. Justice Department to seek breakup of Live Nation-TicketmasterThe U.S. Justice Department and a group of states will sue Live Nation Entertainment Inc. for antitrust violations related to Ticketmaster’s unrivaled control of concert ticket sales, according to people familiar with the case.
Source: BNNBloomberg - 🏆 83. / 50 Read more »

Justice Department says illegal monopoly by Ticketmaster and Live Nation drives up prices for fansWASHINGTON (AP) — The Justice Department filed a sweeping antitrust lawsuit against Ticketmaster and parent company Live Nation Entertainment on Thursday...
Source: YahooFinanceCA - 🏆 47. / 63 Read more »

Justice Department says illegal monopoly by Ticketmaster and Live Nation drives up prices for fansWASHINGTON (AP) — The Justice Department filed a sweeping antitrust lawsuit against Ticketmaster and parent company Live Nation Entertainment on Thursday, accusing them of running an illegal monopoly over live events in America — squelching competiti
Source: SooToday - 🏆 8. / 85 Read more »

US Justice Department to Seek Breakup of Live Nation-TicketmasterThe US Justice Department and a group of states will sue Live Nation Entertainment Inc. for antitrust violations related to Ticketmaster’s unrivaled control of concert ticket sales, according to people familiar with the case.
Source: BNNBloomberg - 🏆 83. / 50 Read more »

Ticketmaster crashes for Canadians during Live Nation $25 concert saleCanadians trying to take advantage of the Live Nation Concert Week deal are struggling with technical issues on Ticketmaster. The entertainment com...
Source: blogTO - 🏆 44. / 63 Read more »

Justice Dept. Seeks To Break Up Ticketmaster 'Monopoly' In Sweeping LawsuitThe lawsuit was being brought with 30 state and district attorneys general and seeks to break up the monopoly they say is squeezing out smaller promoters and hurting artists.
Source: HuffPostCanada - 🏆 61. / 53 Read more »