{"id":131156,"date":"2024-05-26T04:58:18","date_gmt":"2024-05-26T04:58:18","guid":{"rendered":"https:\/\/showbizztoday.com\/index.php\/2024\/05\/26\/u-s-accuses-live-nation-of-illegal-monopoly-after-taylor-swift-ticket-outrage-national\/"},"modified":"2024-05-26T04:58:18","modified_gmt":"2024-05-26T04:58:18","slug":"u-s-accuses-live-nation-of-unlawful-monopoly-after-taylor-swift-ticket-outrage-national","status":"publish","type":"post","link":"https:\/\/showbizztoday.com\/index.php\/2024\/05\/26\/u-s-accuses-live-nation-of-unlawful-monopoly-after-taylor-swift-ticket-outrage-national\/","title":{"rendered":"U.S. accuses Live Nation of unlawful monopoly after Taylor Swift ticket outrage – National"},"content":{"rendered":"

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The Justice Department filed a sweeping antitrust lawsuit towards Ticketmaster<\/a> and mum or dad firm Live Nation<\/a> Entertainment on Thursday, accusing them of working an unlawful monopoly over dwell occasions in America \u2014 squelching competitors and driving up costs for followers.<\/p>\n

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The lawsuit, filed in federal courtroom in Manhattan, was being introduced with 30 state and district attorneys common and seeks to interrupt up the monopoly they are saying is squeezing out smaller promoters and hurting artists.<\/p>\n

\u201cWe 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,\u201d Attorney General Merrick Garland stated in an announcement. \u201cThe 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.\u201d<\/p>\n

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The Justice Department accuses Live Nation of a slew of practices that enable it to keep up a stronghold over the dwell music scene, together with utilizing long-term contracts to maintain venues from selecting rival ticketers, blocking venues from utilizing a number of ticket sellers and threatening venues that they might lose cash and followers in the event that they don\u2019t select Ticketmaster. The Justice Department says Live Nation additionally threatened to retaliate towards one agency if it didn\u2019t cease a subsidiary from competing for artist promotion contracts.<\/p>\n

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Live Nation has denied that it engages in practices that violate antitrust legal guidelines. When it was reported that the corporate was beneath federal investigation in 2022, the live performance promoter stated in an announcement that Ticketmaster enjoys a such a big share of the market due to \u201cthe large gap that exists between the quality of the Ticketmaster system and the next best primary ticketing system.\u201d<\/p>\n

But competitor ticket sellers have lengthy complained that Live Nation makes it troublesome for them to disrupt the market with practices resembling withholding acts if these venues don\u2019t agree to make use of Ticketmaster\u2019s service.<\/p>\n

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The lawsuit is the most recent instance of the Biden administration\u2019s aggressive antitrust enforcement method concentrating on corporations accused of partaking in unlawful monopolies that field out opponents and drive up costs. In March, the Justice Department filed a lawsuit towards Apple alleging that the tech large has monopoly energy within the smartphone market. The Democratic administration has additionally taken on Google, Amazon and different tech giants.<\/p>\n