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## The U.S. Department of Justice to File Antitrust Lawsuit Against Live Nation Entertainment

According to sources familiar with the matter, the U.S. Department of Justice is set to file an antitrust lawsuit against Live Nation Entertainment in the coming weeks, as reported by the Wall Street Journal on Monday. The lawsuit is expected to address concerns over the company’s alleged anti-competitive practices in the live event ticketing market.

## Live Nation Under Scrutiny for Alleged Consumer Harm

The scrutiny on Live Nation stems from its subsidiary Ticketmaster’s handling of Taylor Swift’s “Eras” tour in 2022, where the company faced backlash for its lack of transparency and fee structure. Critics argue that the dominance of Live Nation and Ticketmaster in the live event market has led to harm for consumers, sparking demands for a thorough investigation.

## Senate Hearing Highlights Issues with Live Nation and Ticketmaster

During a Senate hearing in January 2023, U.S. Senators criticized Live Nation for its fee structure and inability to prevent bot purchases of tickets. Joe Berchtold, Live Nation’s president and chief financial officer, issued an apology to Taylor Swift fans, but Ticketmaster maintains that scalpers using bots were to blame for the ticketing issues.

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## Live Nation Faces Allegations of Anti-Competitive Behavior

The anticipated Justice Department lawsuit against Live Nation is expected to focus on the company’s alleged abuse of its dominant position in the live event ticketing market. The lawsuit will reportedly claim that Live Nation’s actions have stifled competition and harmed consumers.

## Continuing legal Battles for Live Nation

Shares of Live Nation dropped following news of the impending lawsuit, adding to the company’s legal woes. In the past, federal regulators declined to block Live Nation’s merger with Ticketmaster in 2010, but in 2019, the Justice Department accused Live Nation of coercing ticket venues to use Ticketmaster. The company reached a revised agreement with extended restrictions, set to last until 2025.

*Reporting by Granth Vanaik in Bengaluru and Dan Whitcomb in Los Angeles; Editing by Shilpi Majumdar and Leslie Adler*

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