According to a May 23rd U.S. Department of Justice press release, “the Justice Department, along with 30 state and district attorneys general, filed a civil antitrust lawsuit against Live Nation Entertainment Inc. and its wholly-owned subsidiary, Ticketmaster LLC (also known as Live Nation-Ticketmaster) for monopolization and other unlawful conduct that thwarts competition in markets across the live entertainment industry.” A high demand for tickets to Taylor Swift’s “Eras Tour” and a rise in ticket prices for a 2022 Bruce Springsteen concert, are just a few examples of how Live Nation-Ticketmaster’s actions angered consumers, and ultimately led the DOJ to step into action.
In this episode, Craig is joined by Lee Hepner, a California-based antitrust lawyer and Senior Legal Counsel for the American Economic Liberties Project, as they spotlight the Justice Department’s lawsuit against Live Nation-Ticketmaster. Craig & Lee will talk about the lawsuit, monopolies, antitrust law, and the potential impact this could have on the ticket sales giant and future ticket sales.
Mentioned in this episode:
Justice Department Press Release on DOJ v. Live Nation-Ticketmaster Lawsuit