Department Sues Live Nation to Break Up Alleged Monopoly
The lawsuit claims Live Nation's control over ticketing and concert promotion stifles competition and harms consumers.
- The Justice Department, along with 29 states and D.C., aims to dismantle Live Nation's dominance in the entertainment industry.
- Live Nation is accused of using its market power to pressure artists and venues into exclusive agreements.
- The suit follows the high-profile failure of Ticketmaster's system during Taylor Swift's Eras Tour presale.
- Live Nation argues that external factors, not monopolistic practices, are driving higher ticket prices.
- Analysts suggest the case could take years to resolve, with uncertain outcomes for both the company and the industry.