News Formal

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

  • 📰 ABC7
  • ⏱ Reading Time:
  • 14 sec. here
  • 7 min. at publisher
  • 📊 Quality Score:
  • News: 26%
  • Publisher: 68%

Ticketmaster News

Live Nation,Doj Lawsuit,Concertgoers

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.

Brian Fung and Hannah RabinowitzThe DOJ is expected to file an antitrust lawsuit against Live Nation for alleged violations in part due to the market dominance of Ticketmaster.

If successful, the case could lead to sweeping changes in the market for live events - an industry that came under intense scrutiny in 2022 after glitches at Ticketmaster blocked millions from purchasing tickets for Taylor Swift's "Eras" tour.

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:

 /  🏆 67. 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 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 »

Justice Department sues Live Nation and Ticketmaster for monopolizing concert industryThe Justice Department filed a federal lawsuit accusing Ticketmaster and its parent company Live Nation of illegally monopolizing the live entertainment industry.
Source: KPIXtv - 🏆 443. / 53 Read more »