DOJ to sue Ticketmaster parent Live Nation for antitrust violations

[BumRushDaShow]

Source: Axios

24 mins ago


The Department of Justice (DOJ) is planning to sue Live Nation, one of the largest ticketing and live events companies in the country, on antitrust grounds, a regulatory source familiar with the DOJ's plans told Axios.

Why it matters: The company faced intense scrutiny from lawmakers and consumer advocacy groups over botched ticket sales for Taylor Swift's Eras Tour in late 2022.

That fiasco highlighted the firm's dominance, although the DOJ was reportedly already investigating the company.

Catch up quick: Live Nation acquired Ticketmaster in 2010. The DOJ at the time didn't sue to block the deal, but barred the company from pressuring concert venues to use its ticketing software through a legal order called a consent decree.



Read more: https://www.axios.com/2024/04/16/ticketmaster-live-nation-doj-antitrust-lawsuit

[Bernardo de La Paz]

1. Probably overdue. More proof the DoJ has lots on its plate. . . . nt

[William Seger]

2. There's no way they could charge such ridiculous fees...

... if the service was really competitive.