Business

DOJ reportedly may sue Ticketmaster parent Live Nation in wake of Taylor Swift ticket fiasco

By
Reuters
Published July 28, 2023
Updated July 28, 2023, 6:24 p.m. ET

The Justice Department could file an antitrust lawsuit against concert promo꧋ter Live Nation Entertainmen꧃t and its unit Ticketmaster by the end of the year,  on Friday, citing three people with knowledge of the matter.

Shares of Live Nation dropped 5% in extende♏d trading on Friday.

Earlier this year, senators slammed Live Nation’s lack of transparency and inability to block bot purchases of tickets following a major fiasco involving ticket sales for Taylor Swift’s long-awaited concert tour.

Taylor Swift
Many fans were unable to buy tickets to Taylor Swift’s long-awaited concert tour. AP
Ticketmaster tickets
Earlier this year, senators slammed Live Nation’s lack of transparency and inability to block bot purchases of tickets. AP

The potential lawsuit could claim that the entertainment gia🐭nt is abusing its power over the live music industry, Politico r𝓡eported, adding that the timing of the case was not firm and the DOJ could decide to drop it.

Live Nation did not immediately respond to a Reuters requests for comment, while the DOJ declined to c🤪omment.