The Department of Justice is preparing an antitrust lawsuit against Ticketmaster parent company Live Nation, according to a report from The Wall Street Journal.
The Department of Justice is preparing to file an antitrust lawsuit against Ticketmaster parent company Live Nation, according to a report from The Wall Street Journal. The lawsuit could reportedly come as early as next month and will target the company’s alleged monopoly in the live ticketing industry. Live Nation drew antitrust scrutiny when it merged with Ticketmaster in 2010.
Amy Klobuchar calling Live Nation’s business practices the “definition of monopoly.” Although President Joe Biden announced last year that Live Nation and Ticketmaster have promised to get rid of hidden ticketing fees at checkout, Senator Klobuchar argued that the companies still aren’t doing enough. “Ticketmaster has more competition today than it has ever had, and the deal terms with venues show it has nothing close to monopoly power,” a Ticketmaster spokesperson told the Journal.
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