Activist Group Asks Justice Dept. to Unwind Live Nation and Ticketmaster Merger

  • 📰 billboard
  • ⏱ Reading Time:
  • 34 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 17%
  • Publisher: 63%

Business News News

Business Business Latest News,Business Business Headlines

The 2010 merger has been subject to scrutiny for allegedly leading to higher ticket prices and claims that Live Nation Entertainment is abusing its market power over venues and artists.

Ticketmaster and Live Nation merged in 2009, two years after the live-events organizer announced plans to build its own ticketing service. Prior to the deal, Live Nation was Ticketmaster’s largest customer.

The American Economic Liberties Project argues that Live Nation is violating the consent decree. It points to conditioning the availability of the company’s performers to independent venues using Ticketmaster’s services. In 2019, the DOJ found that Live Nation had been violating the terms of the settlement by forcing venues to accept Ticketmaster’s ticketing services as a condition for hosting Live Nation performers and retaliating against those that refused. The agency, in turn, threatened to assess monetary penalties for additional violations and installed a monitor tasked with investigating further breaches of the consent decree, which was extended until 2025.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

grisousmiles Thank f••king hell! (Sorry for the potty mouth, I'm actually holding back from REALLY letting it out). Thank you American Economic Liberties Project for taking this on, and thank you to everyone who never let this slide. And thank you Shona for retweeting this great news! x

!!!

Yesss! Stop this monopoly and blatant price gouging

It’s true. I had to sell a leg and a kidney just to see Harry. Not even in the pit 😔🙏🏼

allegedly hello that’s BEEN true

Yes

Finally as they should

No platinum pricing

BEST NEWS EVER

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 112. in BUSİNESS

Business Business Latest News, Business Business Headlines