LYV - US Targets Ticketmaster Parent In Antitrust Lawsuit Live Nation Responds: 'It Ignores Everything That Is Actually Responsible' | Benzinga
Live Nation Entertainment Inc (NYSE:LYV) shares are tumbling Thursday after the U.S. Department of Justice filed a lawsuit against the company.
What To Know: Live Nation shares traded down in early trading on reports suggesting the DOJ and a group of states including California, Florida, Texas, among others, were preparing to file an antitrust lawsuit against the entertainment giant. The lawsuit has now officially been filed.
In a statement issued Thursday morning, Live Nation characterized the lawsuit as an attempt to portray Live Nation and Ticketmaster as the cause of fan frustration with the live entertainment industry.
“It blames concert promoters and ticketing companies — neither of ...