Government sues Ticketmaster owner and asks court to break up company's monopoly on live events

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The Justice Department has filed a sweeping antitrust lawsuit against Ticketmaster and parent company Live Nation Entertainment, accusing them of running an illegal monopoly over live events in America and driving up prices for fans.

<p>WASHINGTON — The Justice Department sued Ticketmaster and its parent company Thursday, accusing them of running an illegal monopoly over live events in America and asking a court to break up th

</p><p>&quot&#x3B;It's time for fans and artists to stop paying the price for Live Nation's monopoly,&quot&#x3B; Attorney General Merrick Garland said.

 

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Justice Department expected to file antitrust suit against Live Nation, owner of TicketmasterThe Justice Department and several states are expected to file a lawsuit as soon as Thursday against Live Nation Inc, citing alleged antitrust violations at least in part due to the market dominance of the company's Ticketmaster unit, a person briefed on the planned legal action said.
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‘It is time to break up Live Nation-Ticketmaster’: Justice Department sues concert ticket behemothOn Thursday, the Department of Justice and 30 states announced a federal antitrust lawsuit against Live Nation Entertainment and its subsidiary Ticketmaster, saying the company has created a monopoly on live show prices across the U.S.
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Department Of Justice And 30 States File Anti-Monopoly Lawsuit Against Ticketmaster And Live Nation EntertainmentOn Thursday, the Department of Justice and 30 states announced a federal antitrust lawsuit against Live Nation Entertainment and its subsidiary Ticketmaster, saying the company has created a monopoly on live show prices across the U.S.
Source: LAist - 🏆 606. / 51 Read more »