Live Nation, Ticketmaster’s parent company, sued in groundbreaking monopoly lawsuit

  • 📰 cnnbrk
  • ⏱ Reading Time:
  • 25 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 13%
  • Publisher: 55%

Nigeria News News

Nigeria Nigeria Latest News,Nigeria Nigeria Headlines

The US government sued Live Nation in a groundbreaking antitrust lawsuit on Thursday, alleging that for years the parent company of Ticketmaster abused its industry dominance to harm concertgoers nationwide.

The US government and dozens of states sued Live Nation in a groundbreaking antitrust lawsuit on Thursday, alleging that for years the parent company of Ticketmaster abused its industry dominance to harm concertgoers nationwide. The long-expected lawsuit, filed in New York by the Justice Department and 30 state and district attorneys general, challenges the country’s biggest ticketing website and concert promoter, which regulators allege was the mastermind of a plan to stifle competition.

” The company also has bad blood with several other artists who have taken aim at Live Nation’s practices, including The Cure front man Robert Smith, who said he was “sickened” by Ticketmaster’s fees, and country singer Zach Bryan, who in 2022 released a collection of live performances entitled “All My Homies Hate Ticketmaster .” An unpopular merger Now, the US government is opposing Live Nation’s economic power for the first time since the company merged with Ticketmaster in 2010.

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:

 /  🏆 393. in NG
 

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

Nigeria Nigeria Latest News, Nigeria Nigeria Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

DOJ announces antitrust lawsuit against Ticketmaster parent company Live Nation over alleged monopolyThe Department of Justice filed an antitrust lawsuit against Live Nation Entertainment, accusing the world's largest concert promoter and ticketing company of…
Source: NBCLA - 🏆 319. / 59 Read more »

DOJ files antitrust lawsuit against Ticketmaster parent company Live Nation over alleged monopolyThe Department of Justice filed an antitrust lawsuit against Live Nation Entertainment, accusing the world's largest concert promoter and ticketing company of…
Source: nbcchicago - 🏆 545. / 51 Read more »