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LYV Jun 2024 77.500 put
- Yahoo Finance Video
DOJ officially files antitrust lawsuit against Live Nation
US Justice Department officials have officially filed an antitrust lawsuit against event promoter and ticket vendor Live Nation (LYV). Yahoo Finance Legal Reporter Alexis Keenan joins Market Domination to explain Live Nation's alleged regulatory violations the Department of Justice (DOJ) is bringing forward in its case. Concertgoers have been fuming for years over inflated ticket prices and online fees when purchasing from Live Nation, who merged with Ticketmaster in 2010. For more expert insight and the latest market action, click here to watch this full episode of Market Domination. This post was written by Luke Carberry Mogan.
- Yahoo Finance Video
DOJ to seek an antitrust suit against Live Nation: Reports
According to Bloomberg reports, US Department of Justice (DOJ) officials could be ready to present an antitrust case against concert promoter and ticket seller Live Nation Entertainment (LYV). Yahoo Finance Reporter Alexandra Canal joins Morning Brief to explain the extent of a possible antitrust lawsuit as ticket prices in the live concert industry have spiked in years following Live Nation's merger with Ticketmaster in 2010. For more expert insight and the latest market action, click here to watch this full episode of Morning Brief. This post was written by Luke Carberry Mogan.
- Associated Press Finance
The Justice Department is suing Ticketmaster and Live Nation. What does that mean for concertgoers?
Will the Justice Department's lawsuit against Ticketmaster and Live Nation give concertgoers, sports fan and theater patrons some relief from surging ticket prices? The lawsuit could potentially lead to a breakup of Live Nation Entertainment, a company that resulted from Ticketmaster's 2010 merger with concert promoter Live Nation. Attorney General Merrick Garland said the aim is to allow more competition and to let smaller players gain more of the U.S. ticket-selling market — which Ticketmaster controls a whopping 70% of.
