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Department of justice (doj) is preparing to file an antitrust lawsuit against live nation entertainment, the parent company of ticketmaster. In may this year, the us department of justice announced it was suing live nation entertainment for “monopolisation and other unlawful conduct that thwarts competition in markets across the live entertainment industry”. The justice department, along with 30 state and district attorneys general, filed a civil antitrust lawsuit against live nation entertainment inc.
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According to assistant attorney general jonathan canner of justice department’s antitrust division, the live music industry in america is broken because live nation ticketmaster has an. According to the new york times, the justice department’s antitrust division has “contacted music venues and players in the ticket market, asking about live nation’s practices and the wider dynamics of the industry.” (hypebot) — read the full text of the statement released by the us department of justice explaining why they are suing to break up live nation and ticketmaster for alleged monopolistic practices that harm fans, artists, and independent venues.
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To how they are ticketed. The department of justice is bringing a major antitrust case against the hated ticketmaster and its parent company, live nation. According to assistant attorney general jonathan canner of justice department’s antitrust division, the live music industry in america is broken because live nation ticketmaster has an illegal monopoly or antitrust lawsuit, seeks to break up live nation ticketmasters monopoly and restore competition for the benefit of fans and artists.
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This move could potentially lead to the breakup of the entertainment giant, marking a significant escalation in the doj’s efforts to address concerns about monopolistic practices in the live.
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