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Morning Brew Daily
DOJ To Sue Live Nation Over Taylor Swift Fiasco & Tech Startup Market Scores $7B Boost
Apr 17, 2024
28:05
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DOJ sues Live Nation over mishandling Taylor Swift tour, VC firm invests $7B in startup market, US brokers Microsoft-UAE deal to counter China influence, Paris 2024 Olympics buzz, Ikea targets gamers with new furniture line.
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- DOJ is suing Live Nation for monopolistic practices in ticketing industry.
- Microsoft's AI deal with G42 in UAE highlights global tech diplomacy challenges.
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DOJ Preparing to Sue Live Nation Over Alleged Ticketing Monopoly
The Department of Justice is getting ready to sue Live Nation for alleged monopolistic practices in the event ticketing industry. Live Nation's subsidiary, Ticketmaster, holds over 80% market share for primary ticket sales at major US venues. The move follows outrage from fans, including Swifties, over previous ticketing mishaps and focuses on Live Nation's dominance in the market despite its claims of facing increased competition.
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