Department Of Justice And 30 States File Anti-Monopoly Lawsuit Against Ticketmaster And Live Nation Entertainment

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On Thursday, the Department of Justice and 30 states announced a federal antitrust lawsuit against Live Nation Entertainment and its subsidiary Ticketmaster, saying the company has created a monopoly on live show prices across the U.S.

Penny Harrison and her son Parker Harrison rally against the live entertainment ticket industry outside the U.S. Capitol last year.In these challenging times, the need for reliable local reporting has never been greater. Put a value on the impact of our year-round coverage. Help us continue to highlight LA stories, hold the powerful accountable, and amplify community voices. Your support keeps our reporting free for all to use. Stand with us today.

According to Thursday's filing, Live Nation Entertainment currently owns or controls over 250 concert venues across North America, and controls around 60% of concert promotions at major concert venues across the U.S. The company also directly manages more than 400 musical acts. “It is not surprising that Live Nation has pointed its finger at artists,” a senior Justice official said on background on Thursday morning. “In an industry in which artists have historically been squeezed for compensation for their creative work, it’s important that artists are properly compensated.”

 

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