By Emma Roth
Ticketmaster parent company Live Nation is facing an antitrust lawsuit from the US Department of Justice and 30 state and district attorneys general accusing the company of having a monopoly in the live ticketing industry.
Live Nation and Ticketmaster had been under regulatory scrutiny when the two companies merged in 2010, but criticisms of the company reached a breaking point when Ticketmaster crashed under the weight of millions of Taylor Swift fans trying to buy tickets for the Eras Tour in 2022. The incident set off a monthslong investigation and a bill that would force ticket sellers to show total prices upfront.
This video by The Verge is an in-depth look at the Antitrust laws
“It is time to break up Live Nation-Ticketmaster,” said US Attorney General Merrick Garland, in a statement announcing the DOJ antitrust lawsuit.
Read on for more updates about the US government’s antitrust lawsuit against Live Nation-Ticketmaster. This includes the DOJ news conference on Wednesday.
This article originally appeared here and was republished with permission.
