{"id":96859,"date":"2024-08-19T21:04:11","date_gmt":"2024-08-20T01:04:11","guid":{"rendered":"https:\/\/www.cyberlego.com\/web\/2024\/08\/19\/10-u-s-states-join-doj-antitrust-lawsuit-against-live-nation\/"},"modified":"2024-08-19T21:04:11","modified_gmt":"2024-08-20T01:04:11","slug":"10-u-s-states-join-doj-antitrust-lawsuit-against-live-nation","status":"publish","type":"post","link":"https:\/\/www.cyberlego.com\/web\/2024\/08\/19\/10-u-s-states-join-doj-antitrust-lawsuit-against-live-nation\/","title":{"rendered":"10 U.S. States Join DOJ Antitrust Lawsuit Against Live\u00a0Nation"},"content":{"rendered":"

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\n\tThe U.S. Department of Justice has refiled its historic anti-trust lawsuit against concert promoter Live Nation, with 10 additional states joining the effort to break up the company more than a decade after its 2010 merger with Ticketmaster.<\/p>\n

\n\tThe Attorneys General for Indiana, Iowa, Kansas, Louisiana, Mississippi, Nebraska, New Mexico, South Dakota, Utah and Vermont were added to an amended complaint filed in New York\u2019s Southern District on Monday (Aug. 19), bringing the total number of states participating in the lawsuit to 40 total, along with the District of Columbia.<\/p>\n

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\t\t\t\t\tRelated\t\t<\/p>\n<\/h3><\/div>\n

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\t\t\t\t\t\t\"Market,<\/p><\/div>\n<\/p><\/div>\n<\/p><\/div>\n

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\t\t\t\t\tIn the Live Nation Antitrust Case, Who Will Win & Who Will\u00a0Lose?\t\t<\/p>\n<\/h3><\/div>\n

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\n\t\u201cThere is nothing new in the Amended Complaint,\u201d a statement from Live Nation reads. \u201cThe lawsuit still won\u2019t solve the issues fans care about relating to ticket prices, service fees, and access to in-demand shows. We look forward to sharing more facts as the case progresses.\u201d<\/p>\n

\n\tThe amended lawsuit re-alleges that Live Nation and Ticketmaster acted like a monopoly and violated Sections 1 and 2 of the Sherman Act by using illegal tactics to expand its concert promotion business and management of amphitheaters. The new complaint also includes new details about how Live Nation allegedly expanded its ticketing business after it merged with Ticketmaster in 2009, including information about the company\u2019s controversial relationship with arena developer and operator Oak View Group (OVG). Founded in 2015 by Tim Leiweke<\/strong> and music manager Irving Azoff<\/strong>, Oak View Group manages nearly 200 venues and relies on Live Nation to bring major tours to its concert facilities, which includes such top U.S. venues as Climate Pledge Arena in Seattle, the Moody Center in Austin and UBS Arena in Belmont, N.Y.<\/p>\n

\n\tAs the building manager\u2019s main representative, OVG is supposed to manage the competitive process for selecting a venue\u2019s ticketing contract, but the complaint alleges that OVG is obligated to \u201cadvocate for exclusive agreements with Ticketmaster for more than 100 venues Oak View Group manages\u201d \u2014 which the lawsuit claims essentially \u201clocks those venues into long-term exclusive Ticketmaster agreements.\u201d The agreement, the government argues, unfairly prevents third-party competitors from entering the ticketing space while compensating OVG with a substantial \u201cincentive payment\u201d from Live Nation plus significant annual payments.<\/p>\n

\n\tIn fairness, OVG\u2019s competitor AEG \u2014 which also competes with Live Nation for concert promotion and ticketing \u2014 also accepted payments for the buildings it managed under ASM Global, the building management firm it owned with Canadian private equity firm Onex and recently sold to Legends Hospitality.<\/p>\n

\n\tThe revised complaint does not include additional damaging exchanges between Live Nation CEO Michael Rapino <\/strong>and potential competitors, or new damaging information that shows the company employing heavy-handed tactics. Instead, it contains more analysis of the concert market following the merger of Live Nation-Ticketmaster. On that front, according to the complaint, \u201cLive Nation\u2019s conduct has harmed fans because they have been left with fewer concerts, have had more limited choices among touring artists, have paid higher ticketing fees, and have experienced a lower-quality ticketing experience than they otherwise would have but for Live Nation\u2019s anticompetitive conduct.\u201d<\/p>\n<\/div>\n<\/div>\n

Aller \u00e0 la source<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

The U.S. Department of Justice has refiled its historic anti-trust lawsuit against concert promoter Live Nation, with 10 additional states joining the effort to break up the company more than a decade after its 2010 merger with Ticketmaster. The Attorneys General for Indiana, Iowa, Kansas, Louisiana, Mississippi, Nebraska, New Mexico, South Dakota, Utah and Vermont […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"categories":[17],"tags":[],"class_list":["post-96859","post","type-post","status-publish","format-standard","hentry","category-musique","et-doesnt-have-format-content","et_post_format-et-post-format-standard"],"_links":{"self":[{"href":"https:\/\/www.cyberlego.com\/web\/wp-json\/wp\/v2\/posts\/96859","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.cyberlego.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.cyberlego.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.cyberlego.com\/web\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.cyberlego.com\/web\/wp-json\/wp\/v2\/comments?post=96859"}],"version-history":[{"count":0,"href":"https:\/\/www.cyberlego.com\/web\/wp-json\/wp\/v2\/posts\/96859\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.cyberlego.com\/web\/wp-json\/wp\/v2\/media?parent=96859"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.cyberlego.com\/web\/wp-json\/wp\/v2\/categories?post=96859"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.cyberlego.com\/web\/wp-json\/wp\/v2\/tags?post=96859"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}