3 weeks ago
40
Will the Justice Department's lawsuit against Ticketmaster and Live Nation give concertgoers, sports fans, and theater patrons some relief from surging ticket prices?
The lawsuit could potentially lead to a breakup of Live Nation Entertainment, a company that resulted from Ticketmaster's 2010 merger with concert promoter Live Nation. Attorney General Merrick Garland said the aim is to allow more competition and to let smaller players gain more of the U.S. ticket-selling market—which Ticketmaster controls a whopping 70% of.
More competition could lead to cheaper tickets. But experts say live event lovers shouldn't expect changes any time soon.
