The Justice Department is expected to file an antitrust lawsuit against Live Nation and its Ticketmaster division.
A successful antitrust lawsuit could bring about major transformations in the market for live events - an industry that saw increased scrutiny in 2022 following issues at Ticketmaster which prevented millions from buying tickets for Taylor Swift's "Eras" tour.
For those who faulted Live Nation, the Swift incident showcased how the absence of competition has resulted in various issues like subpar customer service, perplexing pricing, expensive ticketing costs, and limitations on reselling tickets - all of which add up to what numerous buyers describe as a death by a thousand wounds.
The story is still evolving and will be updated.
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Source: edition.cnn.com
