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Market
Live Nation Market Share Post-Lawsuit
3
Resolution / Starting Odds
Below 50% • 25%
50% to 70% • 25%
70% to 80% • 25%
Above 80% • 25%
Market share analysis reports and industry news sources
Story
Justice Department, 30 States Sue to Break Up Live Nation-Ticketmaster Monopoly
May 23, 2024, 02:51 PM
The U.S. Justice Department, alongside 30 states, has filed a sweeping antitrust lawsuit against Live Nation Entertainment, the parent company of Ticketmaster. The lawsuit alleges that Live Nation has maintained an illegal monopoly over the live entertainment and ticketing industry, driving up prices for fans and stifling competition. The Justice Department claims that Live Nation controls over 80% of primary ticket sales at major U.S. venues and has used its dominance to force artists and venues to use its services or face retaliation. U.S. Attorney General Merrick Garland stated, 'It is time to break up Live Nation.' The lawsuit seeks to dismantle the merger between Live Nation and Ticketmaster to restore competition in the market. The lawsuit was filed in Manhattan federal court.
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Significant reduction in market control • 33%
Moderate reduction in market control • 33%
No change in market control • 34%
Market position strengthens • 25%
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Live Nation exits the market • 25%
Profit increases • 33%
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Significant Increase (>15%) • 34%
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Stock is delisted or suspended • 25%
