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Government sues Ticketmaster owner and asks court to break up company’s monopoly on live events

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Associated Press, May 2024

The Justice Department sued Ticketmaster and its parent company Thursday, accusing them of running an illegal monopoly over live events in America and asking a court to break up the system that squelches competition and drives up prices for fans. Filed in federal court in Manhattan, the sweeping antitrust lawsuit was brought with 30 state and district attorneys general and seeks to dismantle the monopoly they say is squeezing out smaller promoters, hurting artists and drowning ticket buyers in fees. Ticketmaster and its owner, Live Nation Entertainment, have a long history of clashes with major artists and their fans, including Taylor Swift and Bruce Springsteen.

“It’s time for fans and artists to stop paying the price for Live Nation’s monopoly,” Attorney General Merrick Garland said. “It is time to restore competition and innovation in the entertainment industry. It is time to break up Live Nation-Ticketmaster.”

The government accused Live Nation of tactics — including threats and retaliation — that Garland said have allowed the entertainment giant to “suffocate the competition” by controlling virtually every aspect of the industry, from concert promotion to ticketing. The impact is seen in an “endless list of fees on fans,” the attorney general said.

Read more at AP News.

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