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DOJ: Live Nation and Ticketmaster Illegally Monopolize Events
· 24.05.2024 · 01:00:24 ··· Freitag ⭐ 0 🎬 0
📺 Bloomberg Quicktake
The US Justice Department and almost 30 states sued Live Nation Entertainment Inc. seeking to force the company to sell off ticketing giant Ticketmaster.
In a complaint filed Thursday in New York federal court, antitrust enforcers alleged that Live Nation and Ticketmaster illegally monopolized the live events industry by engaging in a variety of anticompetitive practices. Those include locking venues into long-term exclusive contracts and retaliating against rivals and venues that seek to use alternatives.
Shares of Live Nation were down 5.5% to $95.84 at 11:05 a.m. in New York, shortly after the lawsuit was filed.
Read more: https://www.bloomberg.com/news/articles/2024-05-23/live-nation-sued-by-us-doj-to-force-sale-of-ticketmaster?utm_content=tv&utm_campaign=socialflow-organic&utm_source=twitter&cmpid%3D=socialflow-twitter-tv&utm_medium=social&sref=omvmmwIg
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· 24.05.2024 · 01:00:24 ··· Freitag
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