US Sues to Break Up Ticketmaster and Live Nation, Alleging Monopoly Abuse

The United States Department of Justice has filed a lawsuit against Ticketmaster and Live Nation, alleging that the two companies have engaged in anti-competitive practices that have created a monopoly in the live entertainment industry.

The lawsuit, filed in federal court, accuses Ticketmaster and Live Nation of using their dominant position in the market to stifle competition and drive up prices for consumers.

The DOJ is seeking to break up the merger between Ticketmaster and Live Nation, which was approved in 2010. The lawsuit alleges that the merger has allowed the companies to control every aspect of the live entertainment industry, from ticket sales to concert promotion.

If the DOJ is successful in breaking up Ticketmaster and Live Nation, it could have major implications for the live entertainment industry, as well as for consumers who attend concerts and other live events.

Both Ticketmaster and Live Nation have denied the allegations in the lawsuit, and have stated that they will vigorously defend themselves in court.

This lawsuit is just the latest in a series of legal challenges that Ticketmaster and Live Nation have faced in recent years. The companies have also been the subject of investigations by the Federal Trade Commission and other regulatory agencies.

Many industry experts believe that breaking up Ticketmaster and Live Nation could help to increase competition in the live entertainment industry and lower prices for consumers.

It remains to be seen how the lawsuit will play out in court, but one thing is for certain: the outcome could have a major impact on the future of the live entertainment industry.

Stay tuned for updates on this developing story.