Justice Department to Sue Live Nation, Seek Breakup of Concert and Ticketing Giant
The Justice Department and a group of states plan to sue Live Nation on Thursday, alleging the entertainment giant has used its ticketing monopoly to suppress competition and should be broken up, according to people familiar with the matter. The lawsuit, to be filed in a New York federal court, would seek changes to the company’s business practices, including by asking a judge to effectively undo the 2010 merger of Live Nation and Ticketmaster. The Justice Department during the Obama administration allowed the merger to close despite concerns it would create an indomitable live-entertainment giant.
