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THE US Justice Department is gearing up to sue Live Nation, TicketMaster’s parent company, for breaking antitrust laws.
While many Americans look forward to packing their summers with festivals and music tours, some can’t swallow the price of tickets.
As soon as next month, the Justice Department plans to file a lawsuit accusing America’s largest ticket promoter of monopolizing the industry, according to a Wall Street Journal exclusive.
This could spark severe ramifications and limit the anticompetitive practices that force concert-goers to deplete their wallets for tickets.
The Justice Department began its investigation in 2022 to assess Live Nation’s power and impact on ticket sales and event promotions.
It picked up steam in November of that year after the Ticketmaster website crashed from a Taylor Swift The Era’s Tour presale.
Live Nation merged with Ticketmaster in 2010.
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