Live Nation, Ticketmaster’s parent company, sued in groundbreaking monopoly lawsuit

At long last !

In a groundbreaking antitrust lawsuit that threatens to upend the way concertgoers pay for tickets, the US government and dozens of states sued Live Nation on Thursday, alleging that for years the parent company of Ticketmaster abused its industry dominance to harm fans nationwide.

The long-expected lawsuit, filed in New York by the Justice Department and 30 state and district attorneys general, challenges the country’s biggest ticketing website and concert promoter, which regulators allege was the mastermind of a plan to stifle competition. The governments are seeking a jury trial and a breakup of the company. A request for a jury trial is unusual: Recent antitrust lawsuits have asked for a judge to rule, because they can be long and get into complicated law.

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https://www.local3news.com/regional-national/live-nation-ticketmaster-s-parent-company-sued-in-groundbreaking-monopoly-lawsuit/article_43c946d6-6509-5eac-901f-eb2d180be34a.html