The Journal.
The Trustbuster Taking on Ticketmaster
May 29, 2024
Jonathan Kanter, the Assistant Attorney General leading the DOJ’s Antitrust Division, dives into the ongoing lawsuit against Live Nation and Ticketmaster. He explains why the government views the company as an illegal monopoly, especially after the Taylor Swift ticketing fiasco. Kanter discusses the challenges of fostering competition in the live music industry, highlighting public frustration with high fees and poor service. He emphasizes the importance of antitrust enforcement in ensuring a fair marketplace for consumers, particularly in light of recent merger scrutiny.
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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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