The DOJ has sued Ticketmaster. What that means for ticket prices, fees and concertgoers

The lawsuit could potentially lead to a breakup of Live Nation Entertainment, a company that resulted from Ticketmaster's 2010 merger with concert promoter Live Nation.The lawsuit could potentially lead to a breakup of Live Nation Entertainment, a company that resulted from Ticketmaster's 2010 merger with concert promoter Live Nation. Attorney General Merrick Garland said the aim is to allow more competition and to let smaller players gain more of the U.S.

State attorneys general — 30 of whom have joined the Justice Department's lawsuit — started probing Ticketmaster. The widespread social media outcry even led to a Senate hearing.Louisiana Legislature approves bill classifying abortion pills as controlled dangerous substances “I mean, you can say it was extraordinary that there was so much demand , but they knew it was going to be extraordinary there was so much demand,” Fox said. “When you have competition, the companies are more sensitive and responsive to problems that can come up.”Live Nation reported last month that worldwide ticket sales for the top 100 tours in 2023 jumped 46% compared with the previous year, bringing in $9.17 billion in sales.

“And especially if the judge orders a breakup, there’s going to be an appeal,” she added. “So you are looking at years.”

Source: Entertainment Trends (entertainmenttrends.net)

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