Ten additional states have joined a lawsuit led by Tennessee and the U.S. Department of Justice (DOJ) against Live Nation Entertainment, Inc., which owns Ticketmaster. The lawsuit alleges that the company has “illegally monopolized the live entertainment industry.”
In May, Tennessee Attorney General Jonathan Skrmetti and the DOJ filed an antitrust lawsuit against Live Nation, alleging that the company holds venues “hostage” through “restrictive long-term, exclusive agreements and threats,” “forces artists to select Live Nation as a promoter instead of its rivals” through leverage of its extensive network of amphitheaters, and “harms” fans through “higher fees, lack of transparency, fewer consumer choices, and stifling innovation.”
Read the full story