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0.00044365572315874 0.00044365572315874 -0.000635536823425157 0.006433007985803 0.00865128660159701 0.00587843833185434 0.0237355811889973 0.031055900621118
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Justice Department to sue Ticketmaster, Live Nation for alleged monopoly over ticketing industry: report [FOX Business Network]

Live Nation Entertainment, Inc. (LYV) 
Last live nation entertainment, inc. earnings: 10/31 04:01 pm Check Earnings Report
The Department of Justice is planning to file a major anti-trust lawsuit against Ticketmaster's parent company, Live Nation, as soon as next month, according to a report. The litigation will accuse the country's largest concert promoter of leveraging dominance in a way that undermines competition, The Wall Street Journal first reported on Monday, citing sources familiar with the matter. The outlet did not report on the specific allegations to be brought in the suit. The DOJ opened its probe into whether Live Nation maintains a monopoly over the industry in 2022 when Ticketmaster crashed while Taylor Swift fans were trying to buy pre-sale tickets for her "Eras Tour," The New York Times previously reported. The Justice Department approved the merger between Live Nation and Ticketmaster in 2010, with regulators promising then to bring more competition into the ticketing business. Critics at the time said the stipulations would drive-up ticket costs for consumers instead of lowerin Show less Read more
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