How Taylor Swift's Ticketing Fiasco Fuels DOJ's Live Nation Antitrust Lawsuit [Forbes]
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Live Nation Entertainment, Inc. (LYV)
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Source: Forbes
National Stadium on March 02, 2024 in Singapore. (Photo by Ashok Kumar/TAS24/Getty Images for TAS Rights Management) The live music industry could face a seismic upheaval as the U.S. Department of Justice filed an antitrust lawsuit seeking to force the $30 billion concert promotion and ticketing giant to divest itself of Ticketmaster, the dominant ticketing platform it acquired in a $2.5 billion merger in 2010. For years, consumer groups have loudly criticized Live Nation –, citing escalating service fees, soaring costs, opaque transactions, and instances of concerts selling out to bots and scalpers rather than fans, and the . The recent debacle over Taylor Swift's tour tickets that enraged fans made the antitrust case front-page news.The roots of this legal battle trace back to that very merger approval process over a decade ago. At the time, the DOJ allowed the deal under certain conditions intended to preserve competition, such as barring Live Nation from threatening to withhol
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