Section 2 of the Sherman Act, due to allegations of acquiring competing event promoters and forcing venues and artists alike into exclusionary contracts for as long as 10 years in some cases. Attorney General Merrick Garland claimed it controls 80% of ticket sales to major concert venues, has contracts with 400 entertainers, and owns or controls 60% of amphitheaters. As a result, Garland said, “It is time to break it up.
“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,” Garland said at a news conference Thursday. “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.
Joining in on the lawsuit are 30 state and district attorneys general. They are seeking structural relief in addition to a forced split of Ticketmaster from its recently acquired subsidies.for Taylor Swift’s “The Eras Tour” was condemned by many, and the general sale for the tour was ultimatelybegan, which it published in an attempt to explain the situation.
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