The Biden Administration is taking action to break up the Ticketmaster/Live Nation merger, which has been criticized for failing consumers. Congressman Frank Pallone is working on bipartisan legislation in Congress to increase fairness and transparency for ticketed live events. The Justice Department's antitrust division, led by its head, is focusing on Live Nation and Ticketmaster in a new era of trust-busting, as discussed in a recent podcast. The government's case includes eye-opening emails from Live Nation’s CEO, Michael Rapino, and other high-powered figures in the concert world. S&P Global has lowered its outlook on Live Nation amid the antitrust lawsuit. AEG CEO Jay Marciano has called Live Nation a monopoly and predicts a DOJ victory in the lawsuit. Marciano also highlighted that Ticketmaster’s exclusive deals are the cornerstone of Live Nation’s monopoly.
Ticketmaster’s Exclusive Deals Are ‘the Cornerstone of Live Nation’s Monopoly,’ AEG Chief Jay Marciano Says in Internal Memo https://t.co/CezKeDyJ1H
AEG CEO Jay Marciano Calls Live Nation A Monopoly, Predicts DOJ Victory in Lawsuit https://t.co/7q9Qu1vXbQ
$LYV AEG CEO Jay Marciano Calls Live Nation A Monopoly, Predicts DOJ Victory in Lawsuit https://t.co/tXLGbIEXTh
Detailing its allegations, the government relied on eye-opening emails that it says were written by Live Nation’s chief executive, Michael Rapino, and other high-powered figures in the concert world. Here are a few of those accusations. https://t.co/uuWwncgZrd
To Understand Live Nation’s Real Antitrust Issue, Look to Microsoft https://t.co/KLiZ2RUkuF
Live Nation outlook lowered by S&P Global amid Justice Department antitrust lawsuit https://t.co/XDFpULXbh5 by @allie_canal
Detailing its allegations, the government relied on eye-opening emails that it says were written by Live Nation’s chief executive, Michael Rapino, and other high-powered figures in the concert world. https://t.co/uuWwncgrBF
🎧 Listen: In today's episode of The Journal podcast: a conversation with the Justice Department's head of antitrust about Live Nation, Ticketmaster and a new era of trust-busting https://t.co/aNKORf99fP https://t.co/aNKORf99fP
The Ticketmaster/Live Nation merger has failed consumers. I’m glad the Biden Admin is taking action to break up this monopoly while I work on bipartisan legislation in Congress to increase fairness and transparency for ticketed live events. https://t.co/Zfw6C9zFka