The U.S. Justice Department and 29 states filed an antitrust lawsuit against Ticketmaster and its parent Live Nation Entertainment on Thursday, arguing the company has illegally taken control of the live events industry, driving up prices for fans.The lawsuit was filed in the Southern District of New York Thursday and seeks the break up of Live Nation.Attorney General Merrick Garland announced the lawsuit during a press conference.
The legal battle comes after Ticketmaster came under fire for mishandling the massive demand for pre-sale tickets to Taylor Swift's The Eras Tour. The company was forced to cancel a planned general ticket sale in November 2022, claiming 'insufficient ticket inventory' amid 'extraordinarily high demands.' The fiasco, amplified by Swift's diehard and massive fan base, captured the attention of lawmakers and helped lead to Thursday's announcement.
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