The US sues Ticketmaster for driving up live event fees

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The US Justice Department has filed an antitrust lawsuit against Ticketmaster parent company Live Nation, seeking a breakup of its alleged live event ticketing monopoly.

The US Justice Department and 30 state and district attorneys general have filed an antitrust lawsuit against Ticketmaster and its parent company, Live Nation Entertainment, alleging that it has a monopoly in the live ticketing industry that enables it to illegally suppress competition. “It is time to break up Live Nation-Ticketmaster,” US Attorney General Merrick Garland said in a statement announcing the lawsuit.

In 2019, the DOJ and Live Nation agreed to update and extend the 2010 consent decree they entered when the government allowed the merger to go through without a challenge. That update clarified prohibitions on certain behaviors the government feared could harm competition, like threatening venues with withholding concerts if they chose a different ticketing platform.

 

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