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
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
Her love does cost a thing. Jennifer Lopez canceled her “This Is Me … Live” tour amid her marital woes with Ben Affleck, but she is keeping part of her $10 million signing bonus, insiders told Paula Froelich of NewsNation. During the pandemic, Live Nation changed its policy, so now, if a tour is canceled because … Read more
Barclays on Friday suspended its sponsorship of all Live Nation music festivals in 2024 after various acts dropped out in protest over the bank’s links to defense companies that work with Israel. The suspension includes upcoming Live Nation festivals across the UK this summer, including Latitude, Download and the Isle of Wight. Barclays’ links to defense companies … Read more
Jennifer Lopez can’t sell concert tickets. Nor can artists like Bad Bunny, The Black Keys, Justin Timberlake and Pink, according to reports. Even Coachella was reportedly more lackluster than in previous years. Taylor Swift is having an epic concert tour. Gareth Cattermole/Getty Images for TAS Rights Management Yet, Taylor Swift is holding the most profitable … Read more
Jennifer Lopez was recently in talks for a $90 million Las Vegas residency — but the blockbuster deal now looks shaky at best as her new album and upcoming concert tour are flopping badly, The Post has learned. The embattled pop diva — whose headline-grabbing marriage to Ben Affleck is reportedly crumbling — recently had … 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 is preparing to file an antitrust lawsuit against Live Nation as soon as next month, the Wall Street Journal reported on Monday, citing people familiar with the matter. Live Nation’s subsidiary Ticketmaster, which for decades has been condemned for hardball tactics and high prices, was also widely criticized in 2022 after botched ticket sales for Taylor … 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