GOP senator slams Ticketmaster for ‘exorbitantly high prices' ahead of reported DOJ lawsuit [FOX Business Network]
Live Nation Entertainment, Inc. (LYV)
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Source: FOX Business Network
Following reports that the Justice Department is zeroing in on litigation against one of the biggest concert ticket companies for an alleged monopoly, one GOP senator representing Nashville, Tennessee, says she is keeping a close watch. The Wall Street Journal reported earlier this week that the DOJ is preparing to file an antitrust lawsuit against Live Nation, the parent company of Ticketmaster, as early as next month. The lawsuit would "allege the nation's biggest concert promoter has leveraged its dominance in a way that undermined competition for ticketing live events," according to the report. Sen. Marsha Blackburn , R-Tenn., told Fox News Digital she will be "will be closely monitoring the Department's actions" to make sure the "online ticket industry better serves America's music fans." "For far too long, Ticketmaster and Live Nation have allowed bots to snatch up tickets and sell them for exorbitantly high prices on the secondary market, and other ticketing companies
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