US DOJ may file antitrust lawsuit against Live Nation - Politico

📆 7/28/2023 11:10 PM
📰 Reuters

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The U.S. Department of Justice could file an antitrust lawsuit against concert promoter Live Nation Entertainment and its unit Ticketmaster by the end of the year, Politico reported on Friday, citing three people with knowledge of the matter.

The logo and trading information for Live Nation Entertainment is displayed on a screen on the floor at the New York Stock Exchange in New York, U.S., May 3, 2019. REUTERS/Brendan McDermidJuly 28 - The U.S. Department of Justice could file an antitrust lawsuit against concert promoter Live Nation Entertainment

and its unit Ticketmaster by the end of the year, Politico reported on Friday, citing three people with knowledge of the matter.slammed Live Nation's lack of transparency and inability to block bot purchases of tickets following a major fiasco involving ticket sales for Taylor Swift's long-awaited concert tour.

The potential lawsuit could claim that the entertainment giant is abusing its power over the live music industry, Politico reported, adding that the timing of the case was not firm and the DOJ could decide to drop it.Reporting by Urvi Dugar and Yuvraj Malik in Bengaluru; Editing by Devika Syamnath

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