US Department of Justice files antitrust lawsuit against Live Nation and Ticketmaster

The US Department of Justice along with 29 states and the District of Columbia have filmed an antitrust lawsuit against Live Nations and Ticketmaster. They are seeking to break up the two entities and claim (rightly) that Live Nation has not only illegally inflated ticket prices but also taken “abusive steps to squash competition” in the ticket space. A statement released by US Attorney General Merrick Garland says in part, ”We allege that Live Nation relies on unlawful, anticompetitive conduct to exercise its monopolistic control over the live events industry in the United States at the cost of fans, artists, smaller promoters, and venue operators. The result is that fans pay more in fees, artists have fewer opportunities to play concerts, smaller promoters get squeezed out, and venues ha...

unsplash-logoLilith Redmoon