announced an antitrust lawsuit against Live Nation Entertainment, accusing the world's largest concert promoter and ticketing company of monopolistic practices and calling to break up its merger with Ticketmaster.“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,” Attorney General Merrick Garland said in a news release.
— which imposed conditions on the merger, including that Live Nation was prohibited from threatening to withhold concerts from a venue that choose a different ticketing firm to manage the sales. In 2019,In Thursday's lawsuit, the Justice Department accuses Live Nation of working with a venue management firm to steer clients into signing deals to exclusively use Ticketmaster.
“The live music industry in America is broken because Live Nation-Ticketmaster has an illegal monopoly,” said Assistant Attorney General Jonathan Kanter of the Justice Department’s Antitrust Division. “Our antitrust lawsuit seeks to break up Live Nation-Ticketmaster’s monopoly and restore competition for the benefit of fans and artists.”Ticketmaster came under intense scrutiny in 2022 after its website crashed during a pre-sale event for Taylor Swift's Eras Tour.
Live Nation has previously defended its fees and ticket pricing, saying"promoters don't set prices, artists do."
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