Center for Political Awareness

Justice Department Seeks to Break Up Concert Giant Live Nation

DC and 29 states also join antitrust lawsuit that aims for company to divest Ticketmaster.

Photo: Attorney General Merrick B Garland takes questions from reporters during a news conference at Justice Department headquarters Thursday about an antitrust lawsuit that seeks to break up Live Nation. (Kent Nishimura/Getty Images)

 

The Justice Department, 29 states and the District of Columbia filed an antitrust lawsuit Thursday alleging Live Nation and Ticketmaster acted as a monopoly in the concert business and seeking to break up the company.

The complaint, filed in New York federal court, alleges that Live Nation and its subsidiary Ticketmaster have sought to push competitors out of every aspect of the concert industry, including promotion, venues and ticketing.

Attorney General Merrick B. Garland, speaking to reporters at an announcement Thursday, said the company has reduced competition, reduced the revenue for artists, other promoters and increased prices for consumers.

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