Earlier today the department ost joined by 29 states and the district of columbia sued live nation and ticket master for violating the sherman antitrust act. In recent years, live nation ticketasters exorbitant fees and technological failures have beeit fans and artists alike. But we are not here nation ticket masters conduct ison we are here because as we allege, that conductand illegal. Our complaint makes clear happens when a monopolist dedicates its resources to entrening its monopoly power and insulating itself from competition ratherr than investing in better products and services. We nation has illegal monopolized and it is time to break it up. Live nation ticketmaster has made its ubiquitous in live it controls at least 80 of primary ticketing at directly manages more than and controls more than 60 of concert promotions across the country and owns and controls more 60 of large theaters United States , li nation relies on unlawful to control over live Event Industry nid bgstates
The doj alleging the Live Entertainment Conglomerate Monopolized markets and boxed out rival companies. There you see at the Department Of Justice, the podium is set up. These companies, the Department Of Justice is alleging, unfairly have resulted in higher prices for consumers. 30 state and District Attorney generals are joining in the lawsuit. Dominic chu, good morning. What exactly the basics . What does livenation doo, how do they they make their money and what is the government accusing them of . This is a suit highly anticipated for quite some time now and hit a fevered pitch, got a lot more traction a couple of years ago when livenation took a lot of the heat for the botched handling of ticket sales for taylor swifts concert tour at the time. That whole ordeal of dropped sales, long lines and reportedly outrageous prices eventually led to even a congressional hearing on what exactly happened. Now, today, the Justice Department made it official, earlier just this past half hour
Cspan, 45 years and counting. Wered by cable. U. S. Attorney general merick garland announced the justice dep suing live natid ticket master for concert industry. The attorney general about House Republican efforts to hold him in contempt of congress and the legal challenges r president donald trump. Earlier today the department of justice joined byistrict of columbia sued live ticket master for violating the sherman antitrust act. In recent nation ticket masters exorbitant fee and technological failures have been criticized by fans and artists ali. But we are not here today because live masters conduct is inconvenient or frustrating. Re because, as we allege, that conduct isnte an illegal. Our complaint makes clear what happens when a monopolist dedicates its resources to entrenching its monopoly power and insulating itself from competition rather than in better products and services. We allege lnati has a legally monopolized markets across the live concert industryed states for far t
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