regulatory
confidence high
sentiment negative
materiality 0.95
DOJ files antitrust lawsuit against Live Nation, seeks Ticketmaster divestiture
Live Nation Entertainment, Inc.
- DOJ and 29 state AGs plus DC sue Live Nation and Ticketmaster in SDNY for antitrust violations.
- Complaint seeks divestiture of Ticketmaster, cancellation of ticketing contracts, and other relief.
- Live Nation schedules teleconference for May 23 at 5 p.m. PT to discuss regulatory update.
- President & CFO Joe Berchtold to appear on MSNBC to address the lawsuit.
- Company posts blog 'Breaking Down the DOJ Lawsuit' on its corporate website.