The Department of Justice (DOJ) has filed an antitrust lawsuit against Live Nation and Ticketmaster, alleging that the companies have colluded to avoid competition and cement Live Nation's dominance in the live events industry. This lawsuit comes after years of government permissiveness towards Live Nation, spanning three presidential administrations, despite concerns about its market power. The DOJ claims that Live Nation initially viewed Oak View Group as a major competitor but later colluded with them. The lawsuit has led to a downgrade in Live Nation's outlook by S&P Global. Industry experts, including LiveOne CEO Rob Ellin, are discussing the potential impacts on the future of live events. Henry Hauser of Perkins Coie has also commented on the merger history.
CEO of tastytrade Scott Sheridan weighs in on the possibility of Elon Musk joining Trump’s administration, plus the DOJ’s suit against Ticketmaster. https://t.co/cIHAbXL4Dk
Live Nation outlook lowered by S&P Global amid Justice Department antitrust lawsuit https://t.co/XDFpULXbh5 by @allie_canal
The CEO of LiveOne, Rob Ellin, discusses the DOJ's lawsuit against Live Nation and Ticketmaster, how will if affect you and the future of live events. Watch! https://t.co/7Cezjo5wJy
Live Nation, the government says, initially viewed Oak View Group as one of its “Biggest Competitor Threats.” But soon the companies “colluded,” the government says, to "avoid competing with each other," and "cement Live Nation’s dominance." https://t.co/uuWwncgZrd
Opinion: Perkins Coie's Henry Hauser traces the Live Nation merger history across three presidential administrations, and says the government's past permissiveness towards the entertainment giant doesn't take a break-up off the table. https://t.co/lcFrlfkyrq
BREAKING: The Justice Department filed a sweeping antitrust lawsuit against Ticketmaster and parent company Live Nation Entertainment on Thursday, accusing them of running an illegal monopoly over live events in America. Details: https://t.co/eOybIawjFQ https://t.co/IRcH0DWGMz
BREAKING: DOJ sues Live Nation and Ticketmaster, alleging 'monopolistic control' over live events business https://t.co/7nkaahL5uH
BREAKING: The Justice Department and 30 state attorneys general are suing Live Nation, alleging it illegally abused its monopoly power in live ticketing following its 2010 acquisition of Ticketmaster. https://t.co/ZiIes2jm4e
#BREAKING: The DOJ is filing an antitrust lawsuit against LiveNation, accusing the company of illegally monopolizing the music and entertainment industry. https://t.co/mdZ2vlV140
JUST IN: The Justice Department is seeking to break up the Ticketmaster and Live Nation “monopoly” in a sweeping new antitrust lawsuit. https://t.co/xiESZdiIlQ
#BREAKING: DOJ sues Live Nation, Ticketmaster for allegedly monopolizing live entertainment industry https://t.co/7FPJ1sW1zn
BREAKING: DOJ sues Live Nation, alleging it has hurt consumers and violated antitrust laws by creating an alleged monopoly of the live event ticketing industry. https://t.co/4qVjPtLOI6
Source: The Department of Justice is set to call for concert/ticketing giant Live Nation to be broken up, a remarkable claim in an antitrust lawsuit the department is expected to file in New York this morning. Story: https://t.co/3fKpOSo3yZ https://t.co/Nud85NTdVZ
BREAKING: The Department of Justice will call for the breakup of Live Nation and Ticketmaster in an antitrust lawsuit set to be filed on Thursday → https://t.co/XY58WaAqlp https://t.co/Os5XCdHuTg