Live Nation shares traded down in early trading on reports suggesting the DOJ and a group of states were preparing to file an antitrust lawsuit against the entertainment giant. The lawsuit has now officially been filed.
https://www.livenationentertainment.com/2024/05/breaking-down-the-doj-lawsuit/THIS LAWSUIT AGAINST LIVE NATION AND TICKETMASTER WON'T REDUCE TICKET PRICES OR SERVICE FEES.THERE IS MORE COMPETITION THAN EVER IN THE LIVE
Live Nation Entertainment Inc (NYSE:LYV) shares dropped as the company faces an antitrust lawsuit by the U.S. Department of Justice. The lawsuit, expected to be filed in the Southern District of New York, challenges Live Nation's control over concert ticket sales through Ticketmaster. This legal action is part of the Biden administration's efforts to combat monopolistic practices in various industries, including tech and online marketplaces.
https://www.washingtonpost.com/business/2024/05/22/live-nation-doj-antitrust/he Ticketmaster parent company also owns concert venues and promotes showsThe Justice Department plans to announce an antitrust enforcement