Live Nation Sees 'Unprecedented' Ticketmaster Activity After …

Live Nation Entertainment (LYV) is seeing strong demand in the current quarter and into 2025 for its Ticketmaster sales segment, with shares driving higher early Tuesday after it reported …

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DOJ Sues Live Nation-Ticketmaster For Violating Antitrust Law

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May 23, 2024 · Ticketmaster’s parent company, Live Nation, pointed to its 1.4% annual net profit as a reason it does not consider itself a monopoly in a statement to the Washington Examiner. …

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FAQs about Live Nation Sees 'Unprecedented' Ticketmaster Activity After … Coupon?

Are Live Nation and Ticketmaster a problem?

“For too long, Live Nation and Ticketmaster have unfairly and illegally run the world of live events, abusing their dominance to overcharge fans, bully venues, and limit artists,” said New York Attorney General Letitia James in a statement. “Everybody agrees, Live Nation and Ticketmaster are the problem and it’s time for a new era.” ...

Why did Ticketmaster file a lawsuit against Live Nation?

The Live Nation filing comes just after the Department of Justice and 30 state and district attorneys general accused the company, and its subsidiary Ticketmaster, of monopolizing the live industry and harming artists and fans. ...

Does Live Nation Entertainment exacerbate ticket markups?

And as anyone who has tried to score tickets to a popular event knows, service fees and ticket resales can push prices up much higher, in some cases into the thousands of dollars. The Justice Department’s lawsuit alleges that having a giant company like Live Nation Entertainment exacerbates markups since it controls so much of the market. ...

Are Live Nation and Ticketmaster monopolistic?

Live Nation and Ticketmaster which have long clashed with artists and fans, have always denied they act in a monopolistic manner. They say they aren’t to blame for high ticket prices. They said Thursday that the DOJ’s lawsuit “won’t solve the issues fans care about relating to ticket prices, service fees, and access to in-demand shows.” ...

How does Live Nation-Ticketmaster affect music fans?

As a result of its conduct, music fans in the United States are deprived of ticketing innovation and forced to use outdated technology while paying more for tickets than fans in other countries. At the same time, Live Nation-Ticketmaster exercises its power over performers, venues, and independent promoters in ways that harm competition. ...

Will the DOJ Break Up Live Nation Ticketmaster?

The DOJ is pressing for “structural relief” – that is, it is asking the federal court to break up the Live Nation-Ticketmaster combined company, which the DOJ itself had approved in the 2010 merger. Justice Department officials are now arguing that since the merger, Live Nation has created a stranglehold on the live event industry. ...