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DOJ's Garland says it is 'time to break up' Live Nation-Ticketmaster

( May 24, 2024, 00:02 GMT | Official Statement) -- MLex Summary: Live Nation "suffocates" its competition using a variety of anticompetitive tactics including acquisitions of smaller regional promoters and venues, threats and retaliation, and agreements with rivals designed to neutralize them. In remarks at a press conference announcing an antitrust lawsuit against the two companies, Garland said the DOJ filed the lawsuit on behalf of the American people and it is time for fans and artists to stop paying the price for Live Nation’s monopoly. "It is time to restore competition and innovation in the entertainment industry. It is time to break up Live Nation-Ticketmaster," he said.Statement follows...

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