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The DOJ accuses Live Nation, which merged with Ticketmaster in 2010, of abusing its dominant market position to stifle competition and inflate ticket prices. The allegations are two-pronged.
United States, et al. v. Live Nation Entertainment, Inc. and Ticketmaster Entertainment, LLC is an antitrust lawsuit brought by the U.S. Department of Justice (DOJ) and twenty-nine states and Washington, D.C., against entertainment company Live Nation Entertainment and its subsidiary Ticketmaster, following the Taylor Swift–Ticketmaster controversy in 2022.
Live Nation stock dropped more than 7% on Tuesday after the Wall Street Journal reported the Department of Justice (DOJ) is preparing to file an antitrust lawsuit against the company as soon as ...
Live Nation is an American events promoter and venue operator based in Beverly Hills, California. Founded in 1996 by Robert F. X. Sillerman as SFX Entertainment, the company's business was built around consolidating concert promoters into a national entity to counter the oversized influence of ticket behemoth Ticketmaster. In 2000, the company ...
Updated May 23, 2024 at 12:58 PM. The Justice Department filed a lawsuit Thursday seeking to break up Live Nation, alleging that the parent company of Ticketmaster has hurt consumers and violated ...
Michael Rapino (born 1965) is a Canadian-American businessman and the CEO and president of Live Nation Entertainment, Inc, which was formed in 2010 following the merger of Live Nation and Ticketmaster . In the late 1990s, Rapino co-founded Core Audience Entertainment, a concert promoting company, and later held several roles at Clear Channel ...
Live Nation Entertainment, Inc. is an American multinational entertainment company that was founded in 2010 following the merger of Live Nation and Ticketmaster. It promotes, operates and manages ticket sales for live entertainment internationally. It also owns and operates entertainment venues and manages the careers of music artists.
While multiple outlets, including Variety, reported last April that Live Nation CEO Michael Rapino was foregoing his $3 million salary for all of 2020 due to the pandemic and its devastating ...