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Sat Dec 14, 2019, 01:14 PM

U.S. Justice Department preparing legal action against Live Nation: source

Source: Reuters

BUSINESS NEWS DECEMBER 13, 2019 / 3:38 PM / UPDATED 10 HOURS AGO

U.S. Justice Department preparing legal action against Live Nation: source

(Reuters) - The U.S. Justice Department is preparing to take legal action against Live Nation Entertainment (LYV.N) on allegations the concert promoter has sought to strong-arm concert venues into using its dominant Ticketmaster subsidiary, a source familiar with the planned legal action said on Friday.

The department believes the concert promoterís conduct has violated the merger settlement Live Nation and Ticketmaster reached with the government in 2010 and plans to file a decree enforcement action, the source said.

The Wall Street Journal was first to report the planned legal action on Friday.

Live Nation did not respond to a request for comment.

The Justice Department allowed the companies to merge on condition they abide by a range of conditions to keep ticket prices in check, including agreeing here to be barred from retaliating against venue owners who use a competing ticket service.

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Read more: https://www.reuters.com/article/us-live-nation-justice-department/u-s-justice-department-preparing-legal-action-against-live-nation-source-idUSKBN1YH2CD

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Reply U.S. Justice Department preparing legal action against Live Nation: source (Original post)
Eugene Dec 2019 OP
marble falls Dec 2019 #1

Response to Eugene (Original post)

Sat Dec 14, 2019, 02:42 PM

1. Good! Maybe one of these days when we finally peel away all the middle-men who niether toil nor ...

reap in the music world except to rob ticket holders, the average music listeners will be able afford to go to concerts once again.

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