The Justice Department plans to announce an antitrust lawsuit against Live Nation, Ticketmaster’s parent company, as early as Thursday, according to three people familiar with the matter, who spoke on the condition of anonymity to describe the case before it becomes public.
The exact nature of the government’s announcement was not immediately clear, and sources cautioned that the timetable could still change. But federal action against Live Nation could radically reshape the entertainment industry, potentially shrinking the company’s sprawling footprint as a concert promoter, venue owner and ticket seller.
News Source : www.washingtonpost.com
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