Ticketmaster owner Live Nation facing monopoly lawsuit - after criticism from Taylor Swift

The US Justice Department is suing Live Nation, arguing the big concert promoter and its subsidiary, Ticketmaster, have been 'monopolising' the live events industry. The antitrust lawsuit was launched on Thursday by the DOJ, 30 US states, and the District of Columbia, with US Attorney General Merrick Garland saying: 'It is time to break up Live Nation.' The entertainment company merged with Ticketmaster back in 2010.

Thursday's legal action underscores the aggressive approach President Joe Biden's antitrust enforcers have adopted as they seek to create more competition in a wide range of industries, from 'big tech', to healthcare, and groceries. In March, the Justice Department filed a lawsuit against Apple alleging that the tech giant has monopoly power in the smartphone market.

Source: News Formal (newsformal.com)

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