Justice Department Prepares Antitrust Lawsuit Against Ticketmaster, Alleging Monopoly
The lawsuit, expected next month, targets Ticketmaster's alleged anticompetitive practices that have stifled competition and led to high ticket prices.
- The DOJ's lawsuit against Live Nation, Ticketmaster's parent company, follows intense scrutiny over ticket pricing and availability.
- Senator Marsha Blackburn and other lawmakers have expressed concerns about Ticketmaster's market dominance and its impact on consumers.
- Ticketmaster is accused of allowing bots to buy and resell tickets at high prices, contributing to the lack of ticket availability for major events like Taylor Swift's tour.
- Experts argue that Ticketmaster's control over ticketing has not been sufficiently challenged since its merger with Live Nation in 2010.
- The upcoming lawsuit is part of broader efforts by the Biden administration to tackle monopolistic practices across various industries.