Live Nation Issues Statement Regarding The DOJ Lawsuit
Portfolio Pulse from Benzinga Newsdesk
The Department of Justice (DOJ) and State Attorneys General have filed an antitrust lawsuit against Live Nation and Ticketmaster, alleging monopolistic practices. Live Nation argues that the lawsuit will not reduce ticket prices or service fees and distracts from real solutions like allowing artists to cap resale prices.
May 23, 2024 | 2:54 pm
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Live Nation (LYV) faces an antitrust lawsuit from the DOJ and State Attorneys General, which could lead to increased regulatory scrutiny and potential legal costs. However, Live Nation argues that the lawsuit will not impact ticket prices or service fees.
The antitrust lawsuit could lead to increased regulatory scrutiny and potential legal costs for Live Nation. Although the company argues that the lawsuit will not impact ticket prices or service fees, the legal challenges and negative publicity could weigh on the stock in the short term.
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