Virginia joins antitrust action seeking to break up Live Nation, Ticketmaster

A coalition of 30 states, including Virginia, have joined the U.S. Department of Justice in antitrust action against Live Nation Entertainment Inc and its subsidiary, Ticketmaster LLC, accusing the two companies of illegally obtaining and preserving their monopoly power in much of the live entertainment industry. The lawsuit alleges that Live Nation and Ticketmaster have abused their market power to stifle innovation, drive up prices for consumers and harm artists and venues. The antitrust action accuses Live Nation of using its extensive network of amphitheaters to force artists to select Live Nation, instead of its rivals, as a promoter, thereby...

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