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U.S. Launches Antitrust Lawsuit Against Live Nation
The Justice Department sued the concert giant, which owns Ticketmaster, calling for the company to be broken up due to claims that it maintained a monopoly in the live entertainment industry.
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We alleged that Live Nation has illegally monopolized markets across the live concert industry in the United States for far too long. It is time to break it up. Earlier today, the Department of Justice, joined by 29 states and the District of Columbia, sued Live Nation Entertainment and its wholly owned subsidiary, Ticketmaster, for violating the Sherman Antitrust Act. In recent years, Live Nation-Ticketmaster’s exorbitant fees and technological failures have been criticized by fans and artists alike. But we are not here today because Live Nation-Ticketmaster’s conduct is inconvenient or frustrating. We are here because, as we allege, that conduct is anticompetitive and illegal. Our complaint makes clear what happens when a monopolist dedicates its resources to entrenching its monopoly power and insulating itself from competition rather than investing in better products and services.
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