Live Music Experts Weigh In on DOJ’s Live Nation Suit: ‘We Have an Industry to Save’

  • 📰 billboard
  • ⏱ Reading Time:
  • 20 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 11%
  • Publisher: 63%

Nigeria News News

Nigeria Nigeria Latest News,Nigeria Nigeria Headlines

At the NIVA conference in New Orleans, live music experts spoke about the DOJ lawsuit against Live Nation, predicting it will take years to play out.

Ticket Tyranny: The Unseen Grip of Market Dominance panel at the NIVA ’24 conference in New Orleans on June 4.Live music experts are anticipating the antitrust lawsuit brought by the U.S. Department of Justice against Live Nation to take years to resolve, given the wide scope of the claims against the concert giant and the various stakeholders in the live music ecosystem.

Unlike the consent decree that Live Nation has been under since the merger, which was designed to prevent the company from abusing its position,, director of Washington D.C.-based nonprofit organization Future of Music Coalition, told the audience that he believes the DOJ lawsuit is focusing on the correct parties impacted by the alleged monopoly: the artists, venues and fans.

 

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

 /  🏆 112. in NG

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.

Live Nation a Rare Winner as Music Stocks Have Tough WeekLive Nation was the top music stock for the week's Billboard Global Music Index, rising 2.5% to $97.02 and one of four stocks in positive territory.
Source: billboard - 🏆 112. / 63 Read more »