DOJ Will Sue to Break Up Live Nation + Ticketmaster
According to a new report, the U.S. Department of Justice will take authorized action in an work to crack up Live Country and Ticketmaster.
The transfer is aspect of a new antitrust lawsuit the DOJ is set to file in New York. The likelihood of this sort of legal action has been building for some time, as federal regulators have been investigating Live Country since 2022.
Bloomberg was the 1st to report the pending litigation, officially stating that “the US Justice Department and a group of states will sue Are living Country Entertainment Inc. for antitrust violations associated to Ticketmaster’s unrivaled manage of live performance ticket sales.”
Rolling Stone adopted with a report of their private, such as that the “suit has been one of the most anticipated potential authorized actions in the stay songs market.”
What Have Stay Nation and Ticketmaster Been Accused Of?
Stay Country and Ticketmaster have been beneath intense scrutiny from fans, regulators and competing firms alike ever considering the fact that they merged in 2010. Critics have argued that the electrical energy wielded by the conglomerate has constructed it virtually not doable for option reside functionality promoters and ticketing businesses to compete. Some other folks have accused Reside Country of making use of their may well to artificially inflate reside functionality ticket charges.
Examine More: Stay Country Practically Tripled Profits From 2021 to 2022 as Ticket Charges Stored
Live Nation has frequently pushed back versus antitrust allegations, insisting that artists and the venues by themselves are normally the ones who impression ticket promoting costs.
“Statements to the effect that Live Nation and Ticketmaster ‘keep ticket prices high’ are just flat mistaken,” Dan Wall, Are living Nation’s Govt Vice President for Company and Regulatory Affairs, wrote in an essay earlier this year. “Anyone with a basic comprehending of the sector understands this. People who perpetuate this falsehood are cynical at very best. They do a disservice to individuals and to rational political discourse.”
The Rock + Steel Artists Who Have Marketed the Most Live functionality Tickets (5 Million or Far a lot more)
Crucial:
All ticket totals underneath are from Pollstar‘s July 2022 report of the Top rated Touring Artists.
These concert ticket totals day back to 1981, which is when Pollstar started monitoring.
Artists are talked about in acquire of the pretty least to most tickets purchased with 5 million tickets at present becoming the bare minimum threshold.
Only a couple of rock artists have sold far a lot more than 20 million tickets!
Gallery Credit history: Joe DiVita
