The U.S. Justice Department and Colorado, 28 other states and the District of Columbia seek to break up what they call an illegal monopoly and force Live Nation to sell Ticketmaster.
Ticketmaster tickets and gift cards are shown at a box office in San Jose, Calif., on May 11, 2009. against mega-promoter Live Nation Entertainment along with nearly 30 other states, Attorney General Phil Weiser said Thursday, alleging a ticketing and booking monopoly that has harmed consumers.Now, the U.S. Justice Department and Colorado, 28 other states and the District of Columbia seek to break up what they call an illegal monopoly and force Live Nation to sell Ticketmaster.
Live Nation officials called the lawsuit “baseless” and said it won’t help reduce high ticket prices, according to a statement released to Weiser’s office said Live Nation has locked up venues in Colorado and across the country “through restrictive long-term, exclusive agreements and threats that venues will lose access to concert tours and artists if they sign with a rival ticketing company,” his office wrote. “Live Nation also leverages its extensive network of amphitheaters to force artists to select Live Nation as a promoter instead of its rivals, maintaining its promotions monopoly.
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