Texas Attorney General Ken Paxton says Thursday he was part of a bipartisan coalition of attorneys general in dozens of states joining the federal civil…
The Justice Department accuses Live Nation of a slew of"unlawful, anticompetitive" practices that allow it to maintain a stronghold over the live music sceneThe Justice Department has filed an antitrust lawsuit against Live Nation Entertainment, accusing the world's largest concert promoter and ticketing company of running an illegal monopoly and calling to break up its merger with Ticketmaster.
“Mega-corporations cannot control entire industries to create anti-competitive environments, drive up prices, and take advantage of consumers,” said Paxton in a statement. “With this lawsuit, we aim to ensure fair competition for ticket sellers, concertgoers, venues, and others in the entertainment space who have been affected by this merger.”
It also claims that Live Nation has continued to violate its consent decree conditions by stumping out other concert-promotion businesses through threats of retaliation or by acquiring startups it saw as potential competitors.
In a statement to NBC, Live Nation denied it engages in practices that violate antitrust laws and said it will defend itself against the Justice Department's"baseless allegations." Ticketmaster came under intense scrutiny in 2022 after its website crashed during a pre-sale event for Taylor Swift's Eras Tour. The company said its site was overwhelmed by both fans and attacks from bots, which were posing as consumers in order to scoop up tickets and sell them on secondary sites. Thousands of people lost tickets after waiting for hours in an online queue.
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