DOJ to Sue Live Nation Over Ticketing Monopoly as Soon as May

Apr 15, 2024, 09:57 PM

The U.S. Department of Justice (DOJ) is set to file an antitrust lawsuit against Live Nation, the parent company of Ticketmaster, as soon as May. The suit alleges that Live Nation has been undermining competition in the ticketing market for live events. This legal action is expected to address issues related to monopolistic practices that reportedly exploit venues, overcharge fans, and negatively impact artists. The Wall Street Journal first reported this development, which has also led to a decline in Live Nation's stock prices.