Live Nation Exec Says the “Fundamental” Business Model Is Not Being Questioned In DOJ Investigation

📆 07-09-23 01:09:00
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Live Nation President and CFO Joe Berchtold said the company's business model “is both pro-competitive and pro-consumer.”

, saying that he believes the DOJ is investigating certain business practices at the company, rather than the merged company itself.

“Our fundamental business model is not really being questioned,” Berchtold said Tuesday, adding that this is his opinion based on what he’s heard. Speaking at Goldman Sach’s Communacopia and Technology Conference, Berchtold said he believes the DOJ is looking into certain components that make up the business, such as exclusivity on venues, all-in pricing and selling tickets on the secondary market. This came amid

that the DOJ is conducting an antitrust investigation into whether Live Nation, as well as its acquisition of Ticketmaster, had a monopoly over the industry.

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