Live Nation Antitrust Lawsuit Expected to Be Filed by DOJ on Thursday

for violating U.S. antitrust laws is imminent and could be filed as soon as Thursday , a source with knowledge of the DOJ’s plans tellsand that it illegally uses its monopoly power to grow its business and stifle competition. The DOJ has been investigating Live Nation for more than two years. With that investigation now wrapped, company president“These are always serious discussions.

DOJ officials don’t like the practice, arguing that it locks out new companies from competing in the ticketing space. Ticketmaster officials, however, argue that they are open to working with non-exclusive contracts — both the Greek Theatre in Hollywood and Red Rocks in Denver are open facilities where promoters use the ticketing provider of their choice — but that venues often rely on exclusive deals to meet their capital needs.

While Ticketmaster holds more exclusive ticketing contracts than any other company, it isn’t the only one to make use of them: Every major competitor pays upfront advances in exchange for exclusive ticketing agreements with venues and sports teams. That includes SeatGeek, which reportedly paid $10 million in 2021 for exclusive rights to ticket events at the Barclays Center in Brooklyn for a seven-year term. Two years into the agreement,threatened to publicize SeatGeek’s tech problems and breaches of contract if it didn’t immediately agree to terminate the deal.

SeatGeek eventually agreed to wind down its relationship with Barclays Center and was replaced by Ticketmaster. DOJ officials reportedly scrutinized the incident during its investigation of Live Nation.Lululemon’s Viral $68 Purse Has Reviewers Ditching Designer Bags for This Design Cam’ron’s CNN Interview Goes Off the Rails When Asked About Diddy: ‘Who Booked Me for This?’. We use vendors that may also process your information to help provide our services.

Source: Law Daily Report (lawdailyreport.net)

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