The Justice Department said Monday that it has tentatively settled its antitrust lawsuit against Ticketmaster and parent company Live Nation Entertainment, striking a deal to ultimately lower ticket prices for consumers and end an illegal monopoly over live events in America. But some states signaled they won’t join the deal and will continue an ongoing trial. The … Read more
A federal judge on Wednesday rejected Live Nation Entertainment’s bid to dismiss a lawsuit by the federal government and many states accusing the company of illegally trying to dominate the live concert industry. The decision by US District Judge Arun Subramanian cleared the way for a possible antitrust trial in Manhattan federal court, with jury selection scheduled to begin on March … Read more
The National Football League’s deal with Walt Disney in which it will gain an equity stake in ESPN in return for prime media assets is expected to face scrutiny from the U.S. Department of Justice, according to legal experts and industry sources. The agreement, announced late Tuesday, involves Disney’s ESPN acquiring the NFL Network and other media … Read more
Attorneys general from about two dozen states are seeking treble damages against Live Nation Entertainment and its ticket-selling unit, Ticketmaster, for allegedly monopolizing markets across the live concert industry in an updated version of a lawsuit originally filed in May. The Justice Department and several states sued three months ago to break up Live Nation, arguing the … Read more
The Justice Department and a group of 30 states and the District of Columbia Thursday sued to break up Live Nation, arguing the big concert promoter and its Ticketmaster unit illegally inflated concert ticket prices and hurt artists. “It is time to break up Live Nation,” said US Attorney General Merrick Garland. Concert fans and politicians for years have been calling … Read more
The Justice Department could file an antitrust lawsuit against concert promoter Live Nation Entertainment and its unit Ticketmaster by the end of the year, Politico reported on Friday, citing three people with knowledge of the matter. Shares of Live Nation dropped 5% in extended trading on Friday. Earlier this year, senators slammed Live Nation’s lack of transparency and inability to block bot purchases of … Read more