The Justice Department is suing Ticketmaster owner Live Nation in an antitrust lawsuit
The Justice Department on Thursday sued Live Nation Entertainment, the concert giant that owns Ticketmaster, asking a court to break up the company over claims it illegally maintained a monopoly in the live entertainment industry.In the lawsuit, which is joined by 29 states and the District of Columbia, the government accuses Live Nation of using its vast empire to dominate the industry by tying venues into exclusive ticketing contracts, pressuring artists to use its services and threatening its rivals with financial backing. remuneration.These tactics, the government claims, have resulted in increased ticket prices for consumers and stifled innovation and competition across the industry. The lawsuit asks the U.S. District Court for the Southern District of New York to order "the divesti...