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Stock impact report

Justice Department Preparing Ticketmaster Antitrust Lawsuit [BNN Bloomberg (Canada)]

Live Nation Entertainment, Inc. (LYV) 
Last live nation entertainment, inc. earnings: 10/31 04:01 pm Check Earnings Report
Company Research Source: BNN Bloomberg
off its Ticketmaster ticketing business, according to three people familiar with the matter. The agency has been investigating the entertainment giant for years amid concerns Live Nation has illegally tied its concert promotion services to use of Ticketmaster, in violation of the terms of the 2010 settlement that allowed it to acquire the ticketing company. Two of the people, who asked not to be named discussing the confidential probe, said the timing of a complaint could still slip. Several state attorneys general have also been involved in the investigation and could join the Justice Department in an eventual suit, the people said. A Justice Department spokesperson declined to comment. A spokeswoman for Live Nation didn't immediately respond to a request for comment. Ticketmaster, the largest US ticketing company, merged with Live Nation, the biggest concert promoter, 14 years ago following a lengthy antitrust investigation. The Justice Department required the combined compa Show less Read more
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