Justice Department to announce lawsuit against Live Nation over ticket prices: Sources

The Justice Department and a group of state attorneys general are expected to announce an antitrust lawsuit against Live Nation as soon as Thursday over Ticketmaster's dominance over the concert ticket sales market, two sources familiar with the matter told ABC News on Wednesday.The Justice Department's antitrust suit follows a more than two-year investigation that probed whether the company created a monopoly over the concert ticket market through its exclusive contracts with venues.

Ticketmaster, which controls more than 70% of the market for ticketing and live events, crashed during the first day of sales, leaving millions of fans out of luck or seeking higher-priced tickets on the secondary market.Live Nation acknowledged the issues over the presales and said high demand for the show, technical issues and bots were behind it. The company said that every customer with a "Verified Fan" code was able to purchase an "Eras Tour" ticket.

“It's really difficult for me to trust an outside entity with these relationships and loyalties, and excruciating for me to just watch mistakes happen with no recourse,” Swift said in a statement.Ticketmaster and Live Nation have been accused of mistreating customers with speculative ticket sales, deceptive websites and large hidden fees ever since they merged in 2010.

In 2019, the company paid fines pertaining to the company violating the agreed-upon terms of a Justice Department consent decree during the final merger. Taylor Swift performs onstage during"Taylor Swift | The Eras Tour" at Estadio Olimpico Nilton Santos on Nov. 17, 2023, in Rio de Janeiro."There are problems in the ticketing industry -- problems that we believe can and should be addressed through legislation," he said.

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