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Transcripts For BBCNEWS Business 20240702

1a years ago, the us government approved the merger with ticketmaster. since then, live nation has grown into a powerhouse, but the government is sueing and calling it a monopoly to squash competition. in a press conference on thursday, the attorney general marek garland pointed to the exorbitant fees and technological failures that have angered concert goers and artists and cold the company s conduct anti competitive and illegal saying it is time to break it up. metres of ubiquitous and the live entertainment industry. it controls at least 80% of primary ticketing and major concert venues, it directly manages more than 400 artists and controls more than 60% of concert promotions across the country. and it owns or controls more than 60% of large and theatres in the united states. we allege that to sustain this dominance, live nation relies on unlawful and the competitive conduct to exercise its monopolistic control over the live events industry in the us and over defence, art

Business-today
London
Lukwesa-burak
Us
Nation
Department-ofjustice
Music-industry
Concert-promoter
Ticketmaster
Owner
States
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