Live Nation: US Department of Justice to sue TicketMaster owner
DOJ Sues Live Nation: Monopoly Power Play?
The U.S. Department of Justice (DOJ) is preparing to sue Live Nation, the owner of Ticketmaster, for alleged anti-competitive practices. This lawsuit, supported by several state attorneys general, claims that Live Nation's control over live events, ticket sales, and venue ownership has stifled competition and led to higher prices for consumers. This legal action follows a prolonged investigation into the company, which merged with Ticketmaster in 2010 under scrutiny for potential dominance in the live entertainment market.
How long has the DOJ’s anti-trust division been investigating Live Nation, and what prompted this investigation?
The DOJ's anti-trust division has been investigating Live Nation for several years. The investigation was prompted by concerns that the company, which was created by the merger of Live Nation and Ticketmaster in 2010, had too much influence over live entertainment events in the US and around the world. The merger had raised concerns that it would create a giant capable of dominating the live entertainment industry. The investigation has looked into the company's business practices, including allegations that it has squeezed out competitors and weakened customer choice, which helped to push up prices.
What was the reaction from fans, lawmakers, artists, and competitors to Live Nation’s business practices?
Live Nation Entertainment, the parent company of Ticketmaster, has faced significant backlash from various groups due to its business practices. Fans, lawmakers, artists, and competitors have all expressed growing criticism towards the company. This criticism stems from concerns that Live Nation has too much influence over live entertainment events, both in the United States and globally. The discontent among these groups indicates widespread concern over the potential for reduced competition and choice in the live entertainment market, which could lead to higher prices and fewer options for consumers. This broad criticism highlights the perceived negative impacts of Live Nation's dominant position in the industry.