Thursday, May 23, 2024 1:04AMThe Justice Department and several states are expected to file a lawsuit as soon as Thursday against Live Nation Inc, citing alleged antitrust violations at least in part due to the market dominance of the company's Ticketmaster unit, a person briefed on the planned legal action said.
For many critics of Live Nation, the Swift debacle revealed how a lack of competition has led to harms ranging from poor customer service to confusing pricing to expensive ticketing fees to restrictions on ticket resales - amounting to what many consumers complain of as death by a thousand cuts. During the three-hour hearing, senators pressed Live Nation president and CFO Joe Berchtold and some other witnesses on whether his company was too dominant in the industry, thereby harming rivals, musicians and fans.
Nor are music fans and lawmakers the only ones to criticize Live Nation over the years - plenty of musicians and other pop culture figures have as well.
Law Law Latest News, Law Law Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Source: billboard - 🏆 112. / 63 Read more »
Source: ABC - 🏆 471. / 51 Read more »