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Department of Justice to File Antitrust Suit Against Live Nation: Report
The Justice Department is preparing to sue Live Nation for antitrust violations as soon as next month, according to a Wall Street Journal report.
Many have complained that the company’s aggressive business behavior and vertically integrated structure — it has not only concert-promotion and ticketing divisions but also artist management; it also owns venues and their concessions, among other assets — is by nature anticompetitive. Exorbitant ticket fees and several chaotic concert-tour on-sales — most notably those of Taylor Swift and Bruce Springsteen in 2022 — along with problems in customer service have led many, including multiple congresspeople, regulators and state attorneys general, to call for the company to be broken up. While those facts are to varying degrees true, many critics have argued that Live Nation’s claims to be powerless to fix the situation — not to mention its involvement in the secondary ticketing market — are disingenuous at best.
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