The DOJ is suing Ticketmaster and Live Nation. What does that mean for concertgoers?

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The investigation asks the question if the company maintains a monopoly in the live entertainment industry.

Ticketmaster controls 70% of U.S. ticket sales. Attorney General Merrick Garland said the aim is to allow more competition, which might lead to cheaper tickets.The lawsuit could potentially lead to a breakup of Live Nation Entertainment, a company that resulted from Ticketmaster's 2010 merger with concert promoter Live Nation. Attorney General Merrick Garland said the aim is to allow more competition and to let smaller players gain more of the U.S.

“I mean, you can say it was extraordinary that there was so much demand , but they knew it was going to be extraordinary there was so much demand,” Fox said. “When you have competition, the companies are more sensitive and responsive to problems that can come up.”that worldwide ticket sales for the top 100 tours in 2023 jumped 46% compared with the previous year, bringing in $9.17 billion in sales. Attendance at Live Nation-produced events jumped 20% to a staggering 145 million last year.

 

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