The antitrust lawsuit seeks to break up the monopoly they say is squeezing out smaller promoters, hurting artists and drowning fans with endless fees.
FILE – Taylor Swift performs at the Paris Le Defense Arena as a part of her Eras Tour concert in Paris, May 9, 2024. Ticketmaster and its parent company, Live Nation Entertainment sparked outrage in November 2022 when its site crashed during a presale event for a Taylor Swift stadium tour.
Assistant Attorney General Jonathan Kanter of the Justice Department’s Antitrust Division speaks during a news conference at the Department of Justice headquarters in Washington, Thursday, May 23, 2024. “Live music should not be available only to those who can afford to pay the Ticketmaster tax,” said Assistant Attorney General Jonathan Kanter of the Justice Department’s Antitrust Division. “We are here today to fight for competition so that we can reopen the doors to the live music industry for all.”
The Justice Department said Live Nation’s anti-competitive practices include using long-term contracts to keep venues from choosing rival ticketers, blocking venues from using multiple ticket sellers and threatening venues that they could lose money and fans if they don’t choose Ticketmaster. The Justice Department says Live Nation also threatened to retaliate against one firm if it didn’t stop a subsidiary from competing for artist promotion contracts.
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