The Department of Justice is reportedly pursuing an antitrust lawsuit against ticket sales and live events giant Live Nation as consumers and government officia
Senators are sworn in and will begin debate over the procedures for the impeachment trial of DHS Secretary Alejandro Mayorkas.FILE - Ticketmaster tickets and gift cards are shown at a box office in San Jose, Calif., May 11, 2009. ls are increasingly frustrated with the cost of tickets to see popular performers that may threaten to unravel a merger with ticketing giant Ticketmaster .
Ticketmaster holds a significant majority of the market for primary ticket sales and has exclusive contracts with stadiums and arenas where some of the most notable performers hold concerts and other events. Live Nation did not respond The National Desk's request for comment on the DOJ lawsuit and allegations of being a monopoly.
“Every spoke in the wheel has this motivation to become profitable,” Herlihy added. “We're commercially leveraging something that people love, which is music., leading to a congressional hearing with the company’s chief financial officer where Republicans and Democrats accused the company of incompetence and running any potential competition in the space out of business.
The exclusive contracts Ticketmaster has with venues across the country have been a sticking point with some of the company’s critics that have advocated for its break-up along with its dominance of the market. DOJ investigators have said in the past that it threatened to withhold tours if venues didn’t sign deals with Ticketmaster, which was one of the consent decrees that allowed the merger to go through.
Competition DOJ Fees Live Nation Market Dominance Ticketmaster Tickets
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