Live Nation Faces Antitrust DOJ Lawsuit in Latest Move to Limit Concert Ticket Dominance [Yahoo! Finance]
Live Nation Entertainment, Inc. (LYV)
Last live nation entertainment, inc. earnings: 10/31 04:01 pm
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Source: Yahoo! Finance
The lawsuit will be filed in the Southern District of New York, according to the outlet. Last month, The Wall Street Journal reported that the suit was in the works over outrageously high fees, poor customer service and anticompetitive practices, such as retaliating against stadiums and arenas that opted to use other ticketing companies. “Based on the issues we know about, we don't believe a breakup of Live Nation and Ticketmaster would be a legally permissible remedy,” Live Nation CFO and president Joe Berchtold said earlier this month. He added that he believes the DOJ investigation is more focused on specific business practices, rather than the Live Nation merger with Ticketmaster. The merger between the two companies took place in 2010 and was approved by the DOJ at the time. Neither party immediately responded to TheWrap's request for comment. The DOJ has reportedly been scrutinizing the Beverly Hills-based conglomerate, which bills itself as the “world's leading live en
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LYV
Earnings
- 5/2/24 - Miss
LYV
Sec Filings
- 6/14/24 - Form 4
- 6/14/24 - Form 4
- 6/14/24 - Form 4
- LYV's page on the SEC website