announced an antitrust lawsuit against Live Nation Entertainment, accusing the world's largest concert promoter and ticketing company of monopolistic practices and calling to break up its merger with Ticketmaster.“Live Nation relies on unlawful, anticompetitive conduct to exercise its monopolistic control over the live events industry in the United States at the cost of fans, artists, smaller promoters, and venue operators,” Attorney General Merrick Garland said in a news release.
that oversees competition policy and antitrust issues scrutinizing the outsized role of Ticketmaster in the ticketing industry at a cost to consumers. Feeling out of the loop? We'll catch you up on the Chicago news you need to know. Sign up for the weeklyBut competitors, like Seat Geek CEO Jack Groetzinger, said even if Live Nation doesn't own a venue, it prevents competition by signing multi-year contracts with arenas and concert halls to provide ticketing services. If those venues don't agree to use Ticketmaster, Live Nation may withhold acts. That makes it tough for competitors to disrupt the market.
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