Live Nation fires back at DOJ antitrust lawsuit
"We just don't believe that there's really any good faith argument to be made here that there could be a breakup"
News By James Hanley | 24 May 2024
Live Nation’s Dan Wall has insisted there is no “good faith argument” to break up the company with Ticketmaster amid the fallout from the Department of Justice’s (DOJ) antitrust lawsuit.
Wall, the company’s EVP, regulatory affairs, joined president/CFO Joe Berchtold on a call with investors to discuss the suit, which accuses LN and Ticketmaster, who merged in 2010, of engaging “in a variety of tactics to eliminate competition and monopolise markets”.
The DOJ’s allegations include acquiring competitors…
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