Department Of Justice Files Antitrust Suit Against Live Nation

The U.S. Department of Justice, along with 29 states and the District of Columbia, filed an antitrust suit againstthis morning . The action aims to force the concert giant to divest its interest in Ticketmaster, with which it merged with in 2010.

In the long-in-the-works suit, filed in the U.S. District Court for the Southern District of New York, the DOJ alleges Live Nation abused its power by forcing venues into exclusive ticketing contracts with Ticketmaster. The suit further claims Live Nation pressures artists to use its services, which harms competition. It also said the fees added on to ticket prices are “essentially a ‘Ticketmaster Tax’ that ultimately raise the price fans pay.

“We allege that Live Nation relies on unlawful, anticompetitive conduct to exercise its monopolistic control over the live events industry in the United States at the cost of fans, artists, smaller promoters, and venue operators,” Attorney General Merrick Garland said. “The result is that fans pay more in fees, artists have fewer opportunities to play concerts, smaller promoters get squeezed out, and venues have fewer real choices for ticketing services.

Additionally, Live Nation said that its market share for ticketing has decreased in recent years, which proves it is not a monopoly.

Source: Law Daily Report (lawdailyreport.net)

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