The recent expansion of the antitrust lawsuit against Live Nation and Ticketmaster, initiated by 10 new states, now sees a total of 39 states and the District of Columbia involved, elevating allegations of market monopolization within the live concert industry.
The amended complaint against Live Nation draws attention to how the company not only manages over 400 artists but also dominates concert promotions across the U.S., managing around 60% of the market share through ownership of over 265 venues.
By leveraging claims under federal anti-monopoly laws, the states aim for treble damages, enhancing their pursuit for financial restitution against Live Nation and Ticketmaster's alleged anti-competitive practices.
With Ticketmaster controlling around 80% of primary ticketing for major concert venues, the lawsuit raises significant concerns over consumer options and market fairness within a sector heavily influenced by Live Nation's business practices.
Collection
[
|
...
]