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Live Nation, AEG Face Criminal Antitrust Probe Over Pandemic Refund Policies
Live Nation and AEG are facing a criminal investigation over the companies' pandemic refunds. The DOJ is investigating whether the companies colluded.
Bloomberg first reported Thursday (May 15) that the Department of Justice (DOJ) is investigating whether Live Nation and AEG violated federal antitrust laws by coordinating their responses to mass concert cancellations via a task force when the pandemic first hit in 2020. “While Live Nation contributed to this industry effort in good faith, we set our own unique policies and refund terms to support fans and artists. Trump signed an executive order in March — with musician and political supporter Kid Rock in attendance — calling for greater transparency around ticket sales and directing regulators to look into possible instances of deceptive and anticompetitive conduct in the industry.
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