US sues Ticketmaster owner Live Nation as it cracks down on anti-competitive conduct

ticketmaster

The US Department of Justice has sued Live Nation and is looking at breaking up the alleged monopoly of the concert promotion company and its ticketing subsidiary Ticketmaster.

The lawsuit seeks to restore competition in the live concert industry, provide better choices at lower prices for fans, and open venue doors for working musicians and other performance artists.

US Attorney General Merrick Garland said it was “time to break up Live Nation-Ticketmaster”.

“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,” said Garland.

“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.”

The lawsuit follows allegations that the company engages in anticompetitive practices due to the power it wields over both artists and venues.

Deputy Attorney General Lisa Monaco said anticompetitive conduct disadvantages consumers, workers, and businesses of all kinds.

“Today’s complaint alleges that Live Nation-Ticketmaster have engaged in anticompetitive conduct to cement their dominance of the live concert market and act as the gatekeeper for an entire industry,” she said.

“Today’s action is a step forward in making this era of live music more accessible for the fans, the artists, and the industry that supports them.

“Live Nation called the claims of anti-competitive conduct “baseless allegations” and said it will “continue to push for reforms that truly protect consumers and artists”.