Live Nation stock plummeted on reports of DOJ antitrust suit
Justice Department to file antitrust lawsuit against Live Nation Entertainment. Move could spark major changes in concert promotion and ticketing. US Department of Justice is set to file an antitrust lawsuit as soon as next month. The lawsuit could spark changes in ticketing and concert promotion in concert venues.
The Wall Street Journal reports the Justice Department is preparing to file an antitrust lawsuit against Live Nation Entertainment. Yahoo Finance reporter Alexandra Canal joins The Morning Brief to discuss the allegations. Canal flags that Live Nation has been at the center of antitrust concerns since the Ticketmaster-Live Nation merger in 2010.
Wall Street Journal: Justice Department preparing to sue Live Nation for antitrust violations. Live Nation is the country's largest concert promoter and ticketing website. The US Department of Justice will sue the company in the coming weeks, the WSJ reported. The WSJ cited anonymous sources familiar with the Justice Department’s plans.
DOJ reportedly set to sue Live Nation, the ticket and entertainment giant, 14 years after it allowed Live Nation to acquire Ticketmaster. Wall Street Journal reports the antitrust lawsuit will allege that Live Nation undermined competition for ticketing live events. Live Nation is set to be sued by the Justice Department.
Justice Department may file antitrust complaint as soon as next month. Live Nation Entertainment may be forced to spin off its Ticketmaster ticketing business. Three people familiar with the matter say the Justice Department is preparing to file a lawsuit. The lawsuit could be filed next month, three people say.
The Justice Department is preparing to file an antitrust lawsuit against Live Nation as soon as next month, the Wall Street Journal reported. Live Nation is the parent of TicketMaster parent Live Nation. The DOJ is expected to file a lawsuit against the concert promoter's parent company, Live Nation, in May, the report said.
US Justice Department to file antitrust suit against Live Nation, WSJ reports. Live Nation's subsidiary Ticketmaster was widely criticized in 2022 after botched ticket sales for Taylor Swift's "Eras" tour. DOJ and Live Nation did not respond to Reuters' request for comment.
Live Nation could be hit with antitrust suit as soon as next month, report says. Justice Department is investigating concert giant Live Nation over its handling of ticket and venue negotiations. Live Nation has been accused of being too cozy with concert promoters. LiveNation could be sued by the Department of Justice over its ticket negotiations.