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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]
In February 2009, Ticketmaster entered into an agreement to merge with event promoter Live Nation to form Live Nation Entertainment. [23] The deal was cleared by the U.S. Justice Department in January 2010 under the condition that the company sell Paciolan to Comcast Spectacor or another firm, and license its software to Anschutz Entertainment ...
Live Nation says the arguments are off-base and will probably fail in court. Either way, it will take a long time for the case to wind through the legal system. ... “The result is that fans pay ...
In late 2019, Live Nation announced "Lawn Pass", a one-time fee program for concertgoers to attend all 2020 events in the lawn section at 29 outdoor amphitheaters in the United States. [ 36 ] The company has agreed to match a $500,000 donation by singer Lizzo to Planned Parenthood in response to the Supreme Court decision to overturn Roe vs. Wade.
Live Nation stock has gained more than 23% in the last 12 months. Investors can gain exposure to the stock via Invesco S&P 500 Pure Growth ETF (NYSE: RPG ) and First Trust Consumer Discretionary ...
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.
A previous court filing from the Department of Justice revealed Live Nation commands more than 80% of the market, although Live Nation President and CFO Joe Berchtold contended Live Nation's ...
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