On Thursday, the Department of Justice and 30 states announced a federal antitrust lawsuit against Live Nation Entertainment and its subsidiary Ticketmaster, saying the company has created a monopoly on live show prices across the U.S.
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The state and district attorneys general joining the suit include several states that are home to major live event venues, including those of New York, California, Colorado, Florida and Texas. Earlier this month, in a bid to increase transparency for consumers, the House of Representatives passed the TICKET Act, which would force Live Nation and other ticket sellers to list all the costs and fees within a live event ticket price.
“It is time to break up Live Nation-Ticketmaster,” said Attorney General Merrick Garland in a statement. “To us, that’s a little bit of a red herring,” the official continued, referring to Live Nation’s previous argument. “How is the system set up? How is Live Nation’s control at all levels of the system allowing for a process that’s distorted in part by Live Nation’s power?”
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