Earlier this month on the company’s latest earnings call, finance chief Joe Berchtold said the company is about to start discussions with leadership at the DOJ’s antitrust division. | Andrew Harnik/APLawyers and executives for Live Nation Entertainment, parent company of Ticketmaster, met last Thursday with senior leadership of the Justice Department — including Jonathan Kanter, the DOJ’s antitrust chief — according to two people with knowledge of the matter.
While meetings between Kanter and a company’s lawyers are typically the last step before the department brings a case, the government is still deliberating over how to proceed, and Kanter and other DOJ officials are expected to meet with the company again, the people said. A case would add to the embattled company’s myriad policy and legal battles, and if successful, could potentially lead to a breakup of the company. Ticketmaster is a perennial target for lawmakers, regulators and music fans, and the latest wave of criticism kicked off in earnest following the botched sale of concert tickets for Taylor Swift in November 2022.says that its market share has fallen
“As we previously stated, the DOJ’s investigation appears to be focused on specific business practices, not the legality of Live Nation Ticketmaster merger or our overall business structure,” Berchtold said on the call. “Very little of the conduct that DOJ has raised with us relates to the combination of ticketing and promotion resulting from the merger. And most of what does, was anticipated and addressed by the consent decree allowing the merger to go forward.
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