US Targets Ticketmaster Parent In Antitrust Lawsuit, Live Nation Responds: 'It Ignores Everything That Is Actually Responsible'
Portfolio Pulse from Adam Eckert
The U.S. Department of Justice has filed an antitrust lawsuit against Live Nation Entertainment Inc (NYSE: LYV), causing its shares to tumble. Live Nation argues that the lawsuit misattributes the causes of high ticket prices and denies that it operates as a monopoly.
May 23, 2024 | 3:51 pm
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Live Nation Entertainment Inc (NYSE: LYV) shares fell by 6.05% following the DOJ's antitrust lawsuit. The company disputes the claims, arguing that it does not control ticket prices and is not a monopoly.
The DOJ's antitrust lawsuit against Live Nation is a significant legal challenge that has already caused a notable drop in the company's stock price. The company's defense and the ongoing legal proceedings will likely continue to impact investor sentiment negatively in the short term.
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