The Global Benefits of Reining in Live Nation-Ticketmaster’s Power
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.
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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.