Department Of Justice May File Antitrust Lawsuit Against Live Nation Entertainment
Portfolio Pulse from Benzinga Newsdesk
The Department of Justice (DOJ) is considering filing an antitrust lawsuit against Live Nation Entertainment, according to Politico. The potential lawsuit is due to allegations of Live Nation violating a 2010 agreement that prohibits the company from retaliating against venues for using a ticketing service other than Ticketmaster, which is owned by Live Nation.
July 28, 2023 | 7:36 pm
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Live Nation Entertainment (LYV) may face an antitrust lawsuit from the DOJ. This could potentially impact the company's operations and reputation.
The news of a potential antitrust lawsuit from the DOJ is directly related to Live Nation Entertainment and its operations. If the lawsuit is filed and the company is found guilty, it could face penalties and damage to its reputation, which could negatively impact its stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100