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0.00186120712576439 -0.000319064078702485 -0.000904014889657091 -0.0062217495346983 -0.00728955065142251 -0.0102632278649296 -0.0133879287423558 -0.00664610475937247
Stock impact report

Live Nation stock tumbles on report of antitrust probe [Yahoo! Finance]

Live Nation Entertainment, Inc. (LYV) 
Last live nation entertainment, inc. earnings: 10/31 04:01 pm Check Earnings Report
Company Research Source: Yahoo! Finance
According to the report, the DOJ will allege that Live Nation, the parent company of Ticketmaster, has "leveraged its dominance" in the marketplace to harm competitors. The federal government approved the Live Nation-Ticketmaster merger in 2010 . Since then, the company has been at the center of antirust concerns with critics taking aim at its sky-high ticket fees and accusing the entertainment giant of monopolistic practices and anti-competitive behavior. In 2020, the department updated the company's consent decree, an agreement which barred Live Nation from strong-arming venues into using Ticketmaster for its tours, and extended it until 2025 after finding evidence the company repeatedly and over the course of several years engaged in conduct that violated its earlier agreement. Meanwhile, Capitol Hill ramped up its fight against Live Nation during a Senate Judiciary Committee hearing at the start of last year following a 2022 fiasco with Taylor Swift concert tickets At the Show less Read more
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