Robert F. Kennedy Department of Justice building (from www.justice.gov)
Reuters | The U.S. Justice Department is preparing to take legal action against Live Nation Entertainment (LYV.N) on allegations the concert promoter has sought to strong-arm concert venues into using its dominant Ticketmaster subsidiary, a source familiar with the planned legal action said on Friday.
The department believes the concert promoter’s conduct has violated the merger settlement Live Nation and Ticketmaster reached with the government in 2010 and plans to file a decree enforcement action, the source said.
The Wall Street Journal was first to report the planned legal action on Friday.
Live Nation did not respond to a request for comment.
The Justice Department allowed the companies to merge on condition they abide by a range of conditions to keep ticket prices in check, including agreeing here to be barred from retaliating against venue owners who use a competing ticket service.
Read the whole article here:
https://www.reuters.com/article/us-live-nation-justice-department/u-s-justice-department-preparing-legal-action-against-live-nation-source-idUSKBN1YH2CD