The US Department of Justice’s landmark lawsuit against Live Nation-Ticketmaster signals the end of the era when American antitrust regulators turned a blind eye to coercion by market-dominant firms. Equally important, a victory for the federal government could reshape the global live-entertainment industry.
WASHINGTON, DC – At the end of May, the United States Department of Justice (DOJ) and 30 states filed a landmark antitrust lawsuit against Live Nation, the world’s largest event promoter, and its wholly owned subsidiary, Ticketmaster. Part of US President Joe Biden’s anti-monopoly push, the case has generated extensive media coverage, not least because of the outcry that followed botched ticket sales in recent years, including for Taylor Swift’s blockbuster Eras Tour.
WASHINGTON, DC – At the end of May, the United States Department of Justice (DOJ) and 30 states filed a landmark antitrust lawsuit against Live Nation, the world’s largest event promoter, and its wholly owned subsidiary, Ticketmaster. Part of US President Joe Biden’s anti-monopoly push, the case has generated extensive media coverage, not least because of the outcry that followed botched ticket sales in recent years, including for Taylor Swift’s blockbuster Eras Tour.