Texas AG, DOJ sue Ticketmaster and Live Nation: Illegal monopoly drives up prices for fans

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said Thursday. “It is time to restore competition and innovation in the entertainment industry. It is time to break up Live Nation, Ticketmaster. The American people are ready for it.” Live Nation has for years denied that it is violating antitrust laws and said Thursday that the lawsuit “won’t solve the issues fans care about relating to ticket prices, service fees, and access to in-demand shows.”

The Justice Department said Live Nation's anti-competitive practices include using long-term contracts to keep venues from choosing rival ticketers, blocking venues from using multiple ticket sellers and threatening venues that they could lose money and fans if they don't choose Ticketmaster. The Justice Department says Live Nation also threatened to retaliate against one firm if it didn't stop a subsidiary from competing for artist promotion contracts.

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