States Seek Treble Damages Against Live Nation and Ticketmaster

In a significant escalation of legal action, ten states have joined the U.S. Department of Justice (DOJ) in its ongoing lawsuit against Live Nation Entertainment and its subsidiary, Ticketmaster, alleging illegal anticompetitive practices in the concert industry. An amended complaint filed in the Southern District of New York on August 19 has increased the total number of plaintiffs to 41, including the District of Columbia and 39 states. The lawsuit claims that Live Nation's monopolistic control has led to inflated ticket prices and limited opportunities for artists and smaller promoters. Attorney General Merrick Garland emphasized the detrimental impact of Live Nation's practices on fans, artists, and venues, stating, “It is time to break up Live Nation-Ticketmaster.” The DOJ's complaint outlines various anticompetitive actions, including exclusionary contracts with venues and restricting artists' access to performance spaces. The lawsuit follows a class action suit filed last year by Taylor Swift fans who faced difficulties obtaining tickets for her "The Eras Tour," which highlighted ongoing frustrations with Ticketmaster's practices. The states involved are now seeking treble damages under federal antitrust laws, which could significantly increase the financial penalties for Live Nation. New York Attorney General Letitia James called for a new era in the live events industry, asserting that fans and artists should not be exploited by large corporations. Live Nation, which manages over 400 artists and controls a substantial portion of concert promotions and ticketing, has stated its intention to contest the allegations in court. The DOJ's scrutiny of Live Nation dates back to its controversial merger with Ticketmaster in 2010, which was approved with conditions aimed at preserving competition. However, the DOJ has since alleged that Live Nation has continued to engage in anticompetitive behavior, prompting renewed legal action.