Live Nation and Ticketmaster illegally monopolized big concert venues, jury rules
The lawsuit involved dozens of states that alleged Live Nation undermined competition and drove up ticket prices.
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The lawsuit involved dozens of states that alleged Live Nation undermined competition and drove up ticket prices.
A jury ruled that Live Nation and Ticketmaster operated as an illegal monopoly. Variety's Jem Aswad joins CBS News with more.
A jury on Wednesday found that Live Nation and Ticketmaster operated as an illegal monopoly over big concert venues. CBS News legal contributor Jessica Levinson breaks down the case.
Less than a week into a trial over Live Nation's alleged monopoly of the event ticket business, the parent company of Ticketmaster has reached a tentative settlement with the Justice Department. Kenneth Dintzer, antitrust attorney with the law firm Crowell & Moring, joins CBS News to break down the deal.
Live Nation, the parent company of Ticketmaster, has reached a deal with the Department of Justice as part of a high-stakes antitrust trial.
Regulators allege Ticketmaster used deceptive pricing and sales tactics, costing consumers billions of dollars.
Live Nation says it will invest $1 billion to build 18 new concert venues across the U.S., including in some smaller American cities.
Why are concert tickets so expensive and so frustratingly hard to get? Brook Silva-Braga spent a year talking to artists, fans, scalpers, and executives from Ticketmaster and StubHub in search of answers.
A watchdog agency in the U.K. is launching an investigation into the way more than 1 million tickets were sold for Oasis' reunion tour happening next year in the U.K. and Ireland. Fans waited in hours-long virtual lines and many say they ended up paying more than double the advertised price.
Last week, Ticketmaster confirmed it was hacked. The group claiming to be behind the breach said it stole the data of some 560 million customers and offered to sell those details for half a million dollars on the dark web. CBS News reporter Zak Hudak has more.
A notorious hacking group claims it has stolen names, addresses, phone numbers and partial credit card details from half a billion Ticketmaster customers, putting it up for sale for half a million dollars. CBS News senior business and tech correspondent Jo Ling Kent has more.
The hacking group "Shiny Hunters" claims it has the personal information of about 560 million Ticketmaster and Live Nation customers. CBS News has not verified the data breach, and both Ticketmaster and its parent company, Live Nation, have not commented.
Australia is investigating a potential Ticketmaster data breach affecting over half a billion users. Those behind the attack are said to be offering the data for $500,000 on the dark web. CBS News homeland security and justice reporter Nicole Sganga brings us the latest details.
Hacking group ShinyHunters claims it breached events giant Ticketmaster and stolen the details of 560 million customers.
The Justice Department filed a federal lawsuit accusing Ticketmaster and its parent company Live Nation of illegally monopolizing the live entertainment industry.
The Justice Department on Thursday filed an antitrust lawsuit against Ticketmaster and its parent company Live Nation, accusing the concert giant of running an illegal monopoly and driving up prices. The lawsuit, which seeks to break up Live Nation, also accuses it of retaliating against venues that work with rivals, and blocking venues from using other ticket outlets. Meg Oliver has details.
The Justice Department announced Thursday it is suing Ticketmaster and Live Nation, accusing them of monopolizing the live entertainment industry. CBS News homeland security and justice reporter Nicole Sganga joins to unpack the claims.
The Department of Justice and several states are suing Ticketmaster and its parent company Live Nation for allegedly monopolizing the live entertainment industry. CBS News' Nicole Sganga reports.
Attorney General Merrick Garland announced Thursday an antitrust lawsuit against Ticketmaster and its parent company Live Nation. The Justice Department is accusing them of illegally monopolizing the live entertainment industry to the detriment of concertgoers and artists alike.
Critics say the government is failing to enforce a law that could protect ticket buyers. National consumer correspondent Ash-har Quraishi follows Taylor Swift fans as they fight to change the ticketing industry.
Consumer advocates are up in arms, and the concern is hardly limited to Swifties' experiences.
Concert giant promises more transparent pricing for consumers as the Biden administration cracks down on"junk" fees.
Even before the recent Taylor Swift ticket snafu, Ticketmaster and its parent company, the concert promoter Live Nation Entertainment, have been criticized for controlling 70% of the big concert ticket market, leaving fans and artists nowhere else to go. Live Nation is now being investigated by the Justice Department, and last month was called to testify before a Senate anti-trust subcommittee. Correspondent Rita Braver talks with Sen. Amy Klobuchar; with an attorney who has filed a lawsuit against Ticketmaster; and with disappointed Swifties – fans of the pop star who can't "shake it off."
Disappointed Swifties have filed a lawsuit against the ticket seller and its parent company, Live Nation Entertainment, who control 70% of the market, while Congress and the Justice Dept. are looking into their business.
On Tuesday, senators grilled the leader of Live Nation, which owns Ticketmaster, over the concert promoter's highly publicized meltdown during ticket sales for Taylor Swift's “Eras” tour. Scott MacFarlane reports.
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