Live Nation to face DOJ antitrust lawsuit

The US Justice Department and a group of states plan to sue Live Nation Entertainment, accusing it of antitrust violations related to its Ticketmaster units control of concert ticket sales. That's according to a Bloomberg report. That said, the suit is expected to be filed in the Southern District of New York today. The dispute will seek remedies, including perhaps the breakup of the company. I mean, it's a pretty big deal. People are talking about an AT&T style breakup of a company with potentially, sure. I mean, two companies, in other words, forced, yeah, forced and broken up into. Yeah, lots of it's maybe not even just two pieces back to it. These are two companies that were very powerful in their own industries, allowed to be put together by making promises back in 2010. That they would not punish venues that didn't use them. They've been cited. Several times over the years, there are Justice Department investigations looking into whether that has actually been the case. Yeah. And right. So Live Nation controls concert venues, certain ones, as well as, of course, Ticketmaster having, you know, huge market share and selling them. Right, Right. And you think of Pearl Jam back in the 1990s when they tried to go against Ticketmaster and say we're not going to do this anymore. Didn't work. Even even mega stars can't get around some of these issues. And it's not a popular company. So it states it's it's funny. Feel like it's a good target you talk about. Overreach, regulatory overreach and the Justice Department that may be pushing too far in FTC that may be pushing too far. My guess is this one will get a little less. Sympathy or empathy?

OTHER NEWS

31 minutes ago

NRL Highlights: Sea Eagles v Dragons - Round 15

31 minutes ago

World’s bestselling lash serum launches new advanced formula with results in 6 weeks

31 minutes ago

Lucien Laviscount: 'Being an actor isn't all red carpets and flights'

31 minutes ago

‘Carry On’ film franchise getting ‘non-woke’ reboot

32 minutes ago

Saudi FM Holds Talks with High-level Officials on Sidelines of Ukraine Peace Summit

32 minutes ago

Aussie boxer Paro stuns 'bogeyman' to claim world title

32 minutes ago

Pregnant Mandy Moore is effortlessly classy in a floral dress as Julia Fox flashes her toned midriff in a stylish look at 2024 Las Culturistas Culture Awards in NYC

32 minutes ago

A wobbly left and a wary right could cut the Labour vote with low turnout

32 minutes ago

What time is Poland vs. Netherlands on today? TV channel, live streams for Euro 2024 match

32 minutes ago

Angel Reese Took A Direct Shot At Caitlin Clark Over Social Media Before WNBA Meeting

32 minutes ago

Luke Littler shakes off 'rust' to win second World Series title at Poland Darts Open

32 minutes ago

England vs. Serbia Euro 2024 time, live stream, TV channel, lineups to watch Group C match in Australia

32 minutes ago

They survived 1997’s landslide, but some Tory veterans think the party is doomed

32 minutes ago

6 transported to hospitals amid shooting in Round Rock, Texas, officials say

32 minutes ago

Texas A&M robs homer in ninth, tops Florida in MCWS thriller

34 minutes ago

Italy v Albania: Azzurri recover from disastrous start to win Euro 2024 opener

38 minutes ago

‘Don’t stuff around with Mother Cricket’: Starc’s parting shot after Australia get England through

38 minutes ago

Two great cricket rivalries have fizzled out at the T20 World Cup, but there's still one to watch

38 minutes ago

Letters: In praise of the kindness of strangers at a frightening time

38 minutes ago

Serbia to green light Rio Tinto lithium mine, FT reports

38 minutes ago

Zachary Porthen captain as Junior Springboks aim to ‘create own story’ at World Cup

38 minutes ago

Staff threaten legal action against crackdown on workplace affairs at BP

38 minutes ago

Mother-of-three Chapoth Bafel Gak Paul Deng is killed in alleged hit-and-run while walking home from the shops

42 minutes ago

Singapore rushes to clean-up oil slick after boat hits stationary fuel supply ship

43 minutes ago

Flood alert for some WA regions as nation shivers

43 minutes ago

Yasmin le Bon interview: ‘Our kids are not inheriting anything. There is no trust fund’

43 minutes ago

The Observer view: manifestos reveal the gulf between the main parties

43 minutes ago

Swimming-Fire still burns for Ledecky as she makes fourth Olympics

43 minutes ago

Reliable journalist offers POSITIVE update on futures of three Liverpool stars

43 minutes ago

Khloe Kardashian shares adorable family selfie with her young kids True and Tatum... after admitting she 'isn't focused on dating'

50 minutes ago

Mother-of-three Chapoth Bafel Gak Paul Deng is killed in alleged hit-and-run while walking home from the shops

50 minutes ago

Netflix favourite Bridgerton’s off-screen couples

50 minutes ago

Where to watch Inter Miami vs. Philadelphia Union live stream, TV channel, lineups, prediction for MLS match

50 minutes ago

Arsenal legend Ray Parlour forced to apologise for 'insensitive' Kevin Campbell tribute

53 minutes ago

In South Africa, traditional healers join the fight against HIV. Stigma remains high in rural areas

56 minutes ago

England fans at Euro 2024 are a ‘trophy’ for hooligans from other nations

57 minutes ago

Fauci wrote in upcoming memoir that Trump yelled expletives at him in a phone call in 2020

57 minutes ago

La Trobe Financial CEO discusses bringing global 'investment strategies' to Australians

57 minutes ago

Cleveland Fed President Loretta Mester: Seen really progress on inflation, but we're not there yet

57 minutes ago

Portugal All-Time XI: Cristiano Ronaldo leads legendary attack