U.S. Justice Department moves to break up Ticketmaster and Live Nation over antitrust violations

May 23 2024 by Mashable

 

Good news for anyone who's ever found themselves in the Ticketmaster trenches: The U.S. Justice Department seeks to break up Live Nation Entertainment, Ticketmaster's parent company, over antitrust law violations.

The lawsuit, filed this morning (May 23), alleges that the music giant illegally controls a monopoly in live entertainment by engaging in long-term exclusive contracts with venues and threatening financial retribution against venues and artists who use Ticketmaster. It argues that...

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