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US Sues Ticketmaster Owner Live Nation Over Alleged Illegal Monopoly

US Sues Ticketmaster Owner Live Nation Over Alleged Illegal Monopoly

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The United States Justice Department has filed a lawsuit against Ticketmaster and Live Nation Entertainment, alleging that they have run an illegal monopoly over live events in America. The lawsuit claims that Live Nation relies on anticompetitive conduct to maintain its dominance in the market. Attorney General Merrick Garland stated that "we allege that Live Nation relies on unlawful, anticompetitive conduct" to exercise control over the industry.

Merrick Garland
US Department of Justice
1. It is time for the break-up of the company.
2. The result is that fans pay more in fees, artists have fewer opportunities to play concerts, smaller promoters get squeezed out, and venues have fewer real choices for ticketing services. It is time to break up Live Nation-Ticketmaster.
Live Nation Entertainment Inc
1. We allege that Live Nation relies on unlawful, anticompetitive conduct to exercise its monopolistic control over the live events industry in the United States at the cost of fans, artists, smaller promoters, and venue operators.
2. The defining feature of a monopolist is monopoly profits derived from monopoly pricing.
3. Our growth comes from helping artists tour globally, creating lasting memories for millions of fans, and supporting local economies across the country by sustaining quality jobs. We will defend against these baseless allegations, use this opportunity to shed light on the industry, and continue to push for reforms that truly protect consumers and artists.
Jonathan Kanter
1. Our antitrust lawsuit seeks to break up Live Nation-Ticketmaster's monopoly and restore competition for the benefit of fans and artists.

US Sues Ticketmaster Owner Live Nation Over Alleged Illegal Monopoly

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