Breaking News!!! Live Nation Facing Antitrust action.

Justice Dept. will soon take antitrust action against Ticketmaster parent Live Nation, according to people familiar with the matter

The Justice Department plans to announce an antitrust lawsuit against Live Nation, the parent company of Ticketmaster, as soon as Thursday, according to three people familiar with the matter, who spoke on the condition of anonymity to describe the case before it becomes public.

The exact nature of the government’s announcement is not immediately clear, and the sources cautioned the timing could still shift. But a federal case against Live Nation could dramatically reshape the entertainment industry, potentially reducing the company’s sprawling footprint as a concert promoter, venue owner and ticket seller.

The Justice Department declined to comment. Live Nation did not immediately respond to a request for comment.

The expected federal lawsuit against Live Nation would mark one of the most significant competition cases brought under President Biden, who entered office on a pledge to aggressively enforce the nation’s antitrust laws.

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Justice Dept. will soon take antitrust action against Ticketmaster parent Live Nation, according to people familiar with the matter

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