Taylor Swift and Beyonce fans rejoice as Ticketmaster and Live Nation are sued for 'suffocating' competition

Ticketmaster's handling ticket sales in 2022 caused outrage and lawsuitsThe controversy ignited calls for reform in the ticketing industryREAD MORE: DOJ and 30 states sue to break up Live Nation and Ticketmaster

The internet was quick to create hundreds of memes as news broke about the Department of Justice's lawsuit against Live Nation, Ticketmaster's parent company, for allegedly violating antitrust laws.

Following news of the lawsuit, Taylor Swift and Beyoncé fans - arguably the two biggest and most loyal fanbases in pop culture - did not hold back on their opinions after getting let down by the company back in 2022.

The Justice Department accused the company of engaging in a slew of practices that allowed it to maintain a stronghold over the live music scene and hurt consumers by driving up ticket prices.

The lawsuit, filed in federal court in Manhattan by 30 state and district attorneys general along with the DOJ, seeks to break up the 'monopoly' that they say is squeezing out smaller promoters and hurting artists.

Because of this, some die-hard fans were unable to afford or even get their hands on The Eras Tour and Renaissance Tour tickets.

But as Swifties know all too well, karma has a way in making things right. Here are all the best memes to come from today's news.

The internet was quick to creating meme as news broke about the lawsuit against Live Nation for allegedly monopolizing the ticket industry at the expense of both fans and artists. One X user joked here that just as Ticketmaster's lines were long, so would be the queue for those open to testifying

The internet was quick to creating meme as news broke about the lawsuit against Live Nation for allegedly monopolizing the ticket industry at the expense of both fans and artists. One X user joked here that just as Ticketmaster's lines were long, so would be the queue for those open to testifying

Pictured: A Swiftie praising Taylor for her efforts for bringing an end to the alleged LiveNation monopoly

Pictured: A Swiftie praising Taylor for her efforts for bringing an end to the alleged LiveNation monopoly

Pictured: The Morning Brew posted a meme of a group of people celebrating, a reference to the Swifties and Beyhive who were forced to pay exorbitant prices for their tickets and are happy about LiveNation's lawsuit

Pictured: The Morning Brew posted a meme of a group of people celebrating, a reference to the Swifties and Beyhive who were forced to pay exorbitant prices for their tickets and are happy about LiveNation's lawsuit

Pictured: A fan posted a meme of rival gang members - a Crip and a Blood -  holding their hankerchiefs tied together, resembling team work - an ode to Swifties and the Beyhive who struggled the most with ticket sales

Pictured: A fan posted a meme of rival gang members - a Crip and a Blood -  holding their hankerchiefs tied together, resembling team work - an ode to Swifties and the Beyhive who struggled the most with ticket sales

Pictured: Kevin Malone from The Office offers a fist-bump over the lawsuit news

Pictured: Kevin Malone from The Office offers a fist-bump over the lawsuit news

Pictured: A clip of comedian Chuck Nice embodying Ticketmaster and Live Nation in their current legal predicament by saying 'we're all screwed'

Pictured: A clip of comedian Chuck Nice embodying Ticketmaster and Live Nation in their current legal predicament by saying 'we're all screwed'

After news dropped about the lawsuit, a fan posted a GIF of Taylor screaming for her Chiefs boyfriend Travis Kelce during the Super Bowl

After news dropped about the lawsuit, a fan posted a GIF of Taylor screaming for her Chiefs boyfriend Travis Kelce during the Super Bowl

One X user insists it's 'curtains' for Ticketmaster and Live Nation following the DoJ's legal proceedings

One X user insists it's 'curtains' for Ticketmaster and Live Nation following the DoJ's legal proceedings

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