'This is all a definition of monopoly': Anti-trust lawsuit expected against Live Nation

It's unclear what this antitrust lawsuit could seek, whether the government would potentially try to break up the company or not.reports the suit will "...allege the nation's biggest concert promoter has leveraged its dominance in a way that undermined competition for ticketing live events."Hundreds took the company to court

"The tickets are so overpriced that the average person isn't going to be able to go anymore," said one fan."If you care about the consumer, cap the price," added Sen. John Kennedy, Louisiana."We apologize to the fans. We apologize to Ms. Swift. We need to do better," said Joe Berchtold, the president of Live Nation.Live Nation has insisted it does not set or control ticket prices outside of its service fee.

It also previously reached an agreement with the Justice Department after being accused of bullying venues into using the Ticketmaster platform - which are accusations it denied. The company says it has "...no interest in threatening or retaliating against venues that consider or choose other ticketing companies."It's unclear what this antitrust lawsuit could seek, whether the government would potentially try to break up the company or not. The Wall Street Journal reports the lawsuit is expected in the coming weeks.

Source: Entertainment Trends (entertainmenttrends.net)

Ticketmaster Doj Antitrust Lawsuit Live Nation Lawsuit Live Nation Antitrust Dog Live Nation Live Nation Sued Ticketmaster Live Nation Live Nation Entertainment

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