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Since the 2020 settlement, according to the new lawsuit, "Live Nation and Ticketmaster have committed additional, different, and more expansive violations of the antitrust laws." The consent ...
Ticketmaster operated ‘illegal monopoly’ to drive up concert and sports prices, Feds say. The US Department of Justice has sued entertainment company Live Nation, parent company of ...
As part of the agreement, the PGA Tour and LIV agreed to cease their own court antitrust litigation in which LIV sued, and the Tour countersued, on claims the Tour illegally used its...
List of licensed and localized editions of. Monopoly. : USA. The following is a list of game boards of the Parker Brothers / Hasbro board game Monopoly adhering to a particular theme or particular locale in the United States. Lists for other regions can be found here.
A number of business executives reported the tour's favourable impact on their companies' performance. Local business. The Federal Reserve credited Swift with boosting the US economy at large. According to Bloomberg Economics, the Eras Tour contributed US$4.3 billion to the GDP of the US.
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Following the widespread criticism of the company's handling of the pre-sale of Taylor Swift's The Eras Tour in November 2022, the Department of Justice (DOJ) began a formal investigation into Live Nation Entertainment on the grounds of monopoly, antitrust law and consumer rights violations.
Michael Campanella. The Justice Department filed a lawsuit Thursday seeking to break up Live Nation, alleging that the parent company of Ticketmaster has hurt consumers and violated antitrust laws ...
In 1994, American rock band Pearl Jam filed a complaint with the antitrust division of the U.S. Department of Justice, claiming that Ticketmaster has a "virtually absolute monopoly on the distribution of tickets to concerts" and attempted to book its tour only at venues that did not use Ticketmaster. However, no action was taken on Ticketmaster.
In law, a monopoly is a business entity that has significant market power, that is, the power to charge overly high prices, which is associated with unfair price raises. Although monopolies may be big businesses, size is not a characteristic of a monopoly.
This put the Eras Tour on track to generate an estimated $5 billion in economic impact, which tops the gross domestic product of 50 countries. When Swifties come to town, local businesses benefit.