DOJ to Sue Live Nation for Antitrust Next Month, Stock Falls

Apr 16, 2024, 10:45 AM

The U.S. Department of Justice (DOJ) is reportedly preparing to file an antitrust lawsuit against Live Nation, the parent company of Ticketmaster, as early as next month. The lawsuit alleges that Live Nation has engaged in anti-competitive practices that undermine competition in the ticketing industry for live events. This legal action follows years of criticism and could potentially force Live Nation to spin off its Ticketmaster ticketing business. The news has caused Live Nation's stock to fall, reflecting investor concerns. This lawsuit comes in the wake of controversies such as the Taylor Swift ticketing fiasco, highlighting the company's dominant position in the live entertainment sector.