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US sues to split up Ticketmaster and Live Nation in a groundbreaking monopoly lawsuit

·1 min

In an antitrust lawsuit, the US government and several states sued Live Nation, accusing the company of using its dominant position in the industry to harm consumers. The lawsuit, filed in New York, alleges that Live Nation, the parent company of Ticketmaster, engaged in anticompetitive conduct to stifle competition. The government is seeking a breakup of the company. If successful, the lawsuit could result in significant changes to the live events market. Live Nation has called the allegations baseless and stated that the lawsuit won’t address the issues fans care about.