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The US Department of Justice is suing Live Nation for market control

The lawsuit alleges that Live Nation violated the Sherman Antitrust Act through exclusive deals, acquisitions of competitors, and venue intimidation.

Photo credit: Nainoa Shizuru on Unsplash

Living nation, Ticketmasters parent company, is facing a lawsuit from the United States Department of Justice (DOJ) and 30 states for alleged market monopoly. The lawsuit charges Living nation of violating the Sherman Antitrust Actwhich prohibits monopolization and anti-competitive agreements. Living nation owns 250 venues, manages approximately 60% of concert promotions at major venues and handles approximately 80% of ticket sales for major events.

Attorney General Merrick Garland claims From Live Nation The industry’s dominance is the result of illegal activities such as exclusive deals, acquiring potential competitors and intimidating venues using competing ticketing platforms. These actions, according to Garlandhave suppressed smaller promoters and reduced performance opportunities for artists.

Living nation refutes these allegations, stating that market share is declining and that the modest profit margin of 1.4% does not indicate monopoly power. The company also believes the lawsuit will not address key fan concerns, such as ticket prices and access to in-demand shows.

Attorney General Garland full speech is available at CNBC. You can watch it below.

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