Friday 21st of June 2024

Live Nation-Ticketmaster Sued by Justice Department for Market Monopoly Across the Live Concert Industry

Live Nation-Ticketmaster Sued by Justice Department for Market Monopoly Across the Live Concert Industry

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VOLKPOP.co - The following information relates to the recent news that the Department of Justice, along with 30 state and district attorneys general, filed a civil antitrust lawsuit against Live Nation Entertainment Inc. and its wholly owned subsidiary, Ticketmaster LLC (Live Nation-Ticketmaster) for monopoly and other unlawful acts that thwart competition in markets across the live entertainment industry.

The lawsuit, which includes a request for structural relief, seeks to restore competition in the live concert industry, provide better choices at lower prices for fans, and open venue doors for working musicians and other performing artists.

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The complaint, filed today in the US District Court for the Southern District of New York, alleges that Live Nation-Ticketmaster unlawfully exercised its monopoly power in violation of Section 2 of the Sherman Act.

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