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The Journal.
The Trustbuster Taking on Ticketmaster
May 29, 2024
Jonathan Kanter, Assistant Attorney General, discusses DOJ's lawsuit against Ticketmaster for monopoly, facing debates on antitrust laws. Exploring Live Nation's alleged monopolistic practices and the need for breakup. Detailing the importance of promoting competitive markets through antitrust measures.
21:33
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Quick takeaways
- The DOJ's lawsuit against Live Nation and Ticketmaster focuses on the company's illegal monopoly in the live events industry.
- Biden administration's renewed antitrust enforcement challenges anti-competitive practices to promote a competitive economy.
Deep dives
DOJ Sues Live Nation Ticketmaster for Antitrust Violation
The Department of Justice, along with 29 states and the District of Columbia, filed a lawsuit against Live Nation Entertainment and Ticketmaster for violating the Sherman Antitrust Act. The lawsuit highlights Live Nation's dominant position in various sectors of the live events industry and its alleged anti-competitive behavior. Live Nation's control over concert promotion, ticket sales, venue ownership, and advertising is considered detrimental to competition and consumer choice. The DOJ argues that Live Nation's actions stifle innovation and lead to consumer dissatisfaction with high fees and limited options.
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Discover
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