The US sues Ticketmaster for driving up live event fees
by Lauren Feiner from The Verge - All Posts on (#6N0XA)
The DOJ alleges that Live Nation holds a monopoly over the ticketing industry. | Image: The Verge / Kenishirotie (via Getty) The US Justice Department and 30 state and district attorneys general have filed an antitrust lawsuit against Ticketmaster and its parent company, Live Nation Entertainment, alleging that it has a monopoly in the live ticketing industry that enables it to illegally suppress competition.
It is time to break up Live Nation-Ticketmaster," US Attorney General Merrick Garland said in a statement announcing the lawsuit.
The DOJ alleges that Live Nation's dominance - which spans ticket sales, promotion, artist management, and venue ownership - has given the company unfair commercial advantages over rivals. In particular, its alleged ticketing monopoly has reduced consumer choice, resulting in higher prices, according to the government. Live...