Reuters
Live Nation ‘suffocates its competition,’ US says in monopoly lawsuit
WASHINGTON (Reuters) -The U.S. Justice Department and more than two dozen states on 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 U.S. Attorney General Merrick Garland. Concert fans and politicians for years have been calling for a re-examination of Live Nation’s purchase of Ticketmaster in 2010, especially after the ticket seller in 2022 botched sales to Taylor Swift’s first concert tour in years, sending fans into hours-long online queues, charging prices that customers said were too high and drawing charges of poor service.
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