19/08/2024 | Press release | Distributed by Public on 19/08/2024 17:09
LINCOLN - Today, Attorney General Mike Hilgers joined the U.S. Justice Department's lawsuit against Live Nation-Ticketmaster for monopolization and other unlawful conduct in violation of Sections 1 and 2 of the Sherman Act and the Nebraska antitrust laws.
"Ticketmaster and Live Nation dominate the market for live entertainment, and Nebraska consumers are frustrated with the extremely high fees charged by these companies. Nebraskans deserve the benefits of robust competition, and we look forward to working with our federal and state enforcement partners to make sure that Ticketmaster and Live Nation follow the law," said Attorney General Hilgers.
The complaint alleges that Live Nation-Ticketmaster unlawfully exercises its monopoly power in violation of Section 2 of the Sherman Act and the Nebraska Antitrust Laws. As a result of its conduct, music fans in the United States are deprived of ticketing innovation and forced to use outdated technology while paying more for tickets than fans in other countries. At the same time, Live Nation-Ticketmaster exercises its power over performers, venues, and independent promoters in ways that harm competition. Live Nation-Ticketmaster also imposes barriers to competition that limit the entry and expansion of its rivals.
The lawsuit now involves forty co-plaintiffs, including the U.S. Department of Justice and a bipartisan coalition of thirty-nine state attorneys general. The Nebraska Department of Justice is asking the court to order Live Nation-Ticketmaster to stop its anticompetitive conduct, pay a civil penalty, and pay the costs and fees for litigating the case.