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0 0.0141301035537697 -0.000505699771615959 0.00484619845930856 0.0156592173340337 -0.000505699771615959 -0.00323626009351625 -0.00323626009351625
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Live Nation could be hit with antitrust suit as soon as next month: report [Business Insider]

Live Nation Entertainment, Inc. (LYV) 
Last live nation entertainment, inc. earnings: 10/31 04:01 pm Check Earnings Report
The anticipated suit follows a probe into the concert giant's handling of ticket and venue negotiations. Live Nation, which owns Ticketmaster, has long faced criticism over its ticket fees. Score one for the Swifties The Justice Department could sue Live Nation, the concert giant that owns Ticketmaster, as soon as next month following a probe into its handling of venue and ticket negotiations, The Wall Street Journal reported Monday. The company has long faced criticism over its stranglehold on the live event industry , high fees, and practices of forcing venues to sign exclusive long-term contracts, drawing ire from fans and artists alike. The department is prepared to file the antitrust suit alleging Live Nation leveraged is dominance in the market to suppress competition, The Journal reported, citing people familiar with the matter. Ticketmaster holds a whopping 80% of the market for event sales in the country's largest venues, holding exclusive contracts with multiple s Show less Read more
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