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Market
Financial performance of Live Nation post-lawsuit by 2025
4
Resolution / Starting Odds
Profit increases • 33%
Profit remains stable • 33%
Profit decreases • 34%
Financial reports, market analysis
Story
DOJ to Sue Ticketmaster Parent Live Nation for Antitrust Next Month
Apr 15, 2024, 10:15 PM
The U.S. Department of Justice (DOJ) is reportedly preparing to file an antitrust lawsuit against Live Nation, the parent company of Ticketmaster, within the next month. The lawsuit is expected to address allegations that Live Nation, which controls 80% of ticketing at America's large venues, undermines competition in the concert promotion and ticketing industry. This legal action could potentially force Live Nation to spin off its Ticketmaster ticketing business, aiming to dismantle its monopolistic control over the ticketing market. The impending lawsuit, sparked by the Taylor Swift ticketing fiasco, has already impacted Live Nation's stock, which fell 9.7% following the news.
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Similar markets
Market position strengthens • 25%
Market position weakens • 25%
No significant change • 25%
Live Nation exits the market • 25%
Full breakup of Live Nation and Ticketmaster • 33%
Partial restrictions imposed without breakup • 33%
Live Nation wins with no consequences • 34%
Significant Drop (>15%) • 33%
Minor Change (±15%) • 33%
Significant Increase (>15%) • 34%
Stock price increases • 25%
Stock price decreases • 25%
Stock price remains stable • 25%
Stock is delisted or suspended • 25%
Stock drops >10% • 25%
Stock drops 5-10% • 25%
Stock drops <5% • 25%
Stock remains stable or increases • 25%
