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Live Nation is a monopoly that likely will be broken up as a result of the Department of Justice’s antitrust lawsuit filed last week, says Jay Marciano, CEO of AEG Presents, in an internal memo ...
"It is time to break up Live Nation,” said U.S. Attorney General Merrick Garland. Concert fans and politicians for years have been calling for a re-examination of Live Nation's purchase of ...
WASHINGTON (Reuters) -Live Nation and its subsidiary Ticketmaster is being sent a subpoena for documents regarding ticket pricing, fees and secondary sales, a U.S. Senate panel said on Monday.
In 2017, Live Nation Entertainment reported revenue of $10.3 billion. [16] [17]In April 2018, the United States Department of Justice launched an investigation following allegations by AEG that Live Nation pressured them into using Ticketmaster and intentionally avoided booking acts for AEG venues. [18]
Live Nation has said other factors are to blame for these issues. If past antitrust enforcement is any guide, it could take years for those lower prices to arrive, even if the DOJ ultimately ...
The U.S. Department of Justice's effort to break up Live Nation and Ticketmaster has been a long time coming, following years of complaints from concertgoers who say they've been squeezed by ...
Live Nation called the allegations "baseless," and said the lawsuit "won't solve the issues fans care about relating to ticket prices, service fees, and access to in-demand shows."
Live Nation Entertainment Inc (NYSE:LYV) shares are trading lower on Thursday as the company faces a legal challenge after the U.S. Department of Justice and several states prepare to file an ...
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