U.S. Justice Department headquarters in Washington. File photo. 'Pretty Persuasive'?: Experts Say DOJ Has Alleged 'Strong Case' Against Live Nation, but Warn of Difficulties
Meanwhile Live Nation is expressing confidence that the antitrust monopoly lawsuit filed in Manhattan will be turned back.
May 24, 2024 at 12:52 PM
3 minute read
What You Need to Know
- Live Nation predicts the government plaintiffs will lose their antitrust case in court.
- A negotiated settlement agreement permitted the Live Nation and Ticketmaster merger in 2010.
- DOJ now seeks the divestiture of Ticketmaster over alleged monopolization of markets.
As court-watchers see a strong case, albeit not without high hurdles, for severing Live Nation's ticketing arm, and say the U.S. Justice Department may be winning in the court of public opinion, Live Nation predicts the antitrust lawsuit aimed at severing its ticketing arm will founder.
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