US eyes breaking live music monopoly

By Agence France-Presse

May 25, 2024 12:11 am

WASHINGTON, D.C. - The US Department of Justice (DoJ) filed a major antitrust lawsuit on Thursday seeking to break up an alleged monopoly in the live music industry between concert promoter Live Nation Entertainment and its subsidiary, bookings website Ticketmaster.

The lawsuit, filed in a federal court in New York, claims that Live Nation has abused its dominant market position to raise ticket fees, squeeze out competitors and limit choices for fans, venues and artists.

CRACKDOWN Fans wait to go through security before Taylor Swift performs at Levi's Stadium in Santa Clara, Calif. on July 28, 2023. The US Department of Justice filed a lawsuit against concert promoter Live Nation Entertainment and its subsidiary, bookings website Ticketmaster to break up a supposed monopoly of the live music industry. AP PHOTO

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