Justice Department Says Illegal Monopoly by Ticketmaster and Live Nation Drives Up Prices for Fans

on Thursday, accusing them of running an illegal monopoly over live events in America — squelching competition and driving up prices for fans.

"We allege that Live Nation relies on unlawful, anticompetitive conduct to exercise its monopolistic control over the live events industry in the United States at the cost of fans, artists, smaller promoters, and venue operators,” Attorney General Merrick Garland said in a statement. “The result is that fans pay more in fees, artists have fewer opportunities to play concerts, smaller promoters get squeezed out, and venues have fewer real choices for ticketing services.

Live Nation has denied that it engages in practices that violate antitrust laws. When it was reported that the company was under federal investigation in 2022, the concert promoter said in a statement that Ticketmaster enjoys a such a large share of the market because of “the large gap that exists between the quality of the Ticketmaster system and the next best primary ticketing system.”

The lawsuit is the latest example of the Biden administration’s aggressive antitrust enforcement approach targeting companies accused of engaging in illegal monopolies that box out competitors and drive up prices. In March, the Justice Department filed a lawsuit against Apple alleging that the tech giant has monopoly power in the smartphone market. The Democratic administration has also taken on Google, Amazon and other tech giants.

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.

Justice Department to Pursue Antitrust Case Against Ticketmaster and Live NationLive Nation, the biggest U.S. concert promoter, merged with ticketing giant Ticketmaster in 2010, agreeing at the time not to retaliate against venues that didn’t use Ticketmaster.
Source: TIME - 🏆 93. / 53 Read more »

Justice Department Formally Moves to Reclassify Marijuana as a Less Dangerous Drug in Historic ShiftA proposed rule recognizes the medical uses of cannabis and acknowledges it has less potential for abuse than some of the nation’s most dangerous drugs.
Source: TIME - 🏆 93. / 53 Read more »

Justice Department: Boeing violated deal that avoided prosecution after crashesProsecutors will tell the court no later than July 7 how they plan to proceed.
Source: Observer_Owl - 🏆 18. / 72 Read more »

Justice Department: Boeing violated deal that avoided prosecution after crashesProsecutors will tell the court no later than July 7 how they plan to proceed.
Source: Glasgow_Times - 🏆 76. / 59 Read more »