Trump, Live Nation and Ticketmaster
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Fox Business |
Live Nation Entertainment Inc. CEO Micheal Rapino thanked the administration for "taking ticket scalping head-on," saying the order will protect American consumers and artists.
Yahoo |
The directive seeks to prevent "unscrupulous middlemen" from profiting off reselling tickets for concerts and other events at an "enormous markup".
Yahoo |
The order, titled "Combating Unfair Practices In The Live Entertainment Market," singles out bot sales in particular and aims to protect fans from unfair practices, ensure fair competition and promot...
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The suit claimed Live Nation misled investors when it said it 'does not engage in behaviors that could justify antitrust litigation.'
Entertainment giant Live Nation has agreed to pay $20 million to settle a shareholder lawsuit accusing it of making misleading statements about industry competition and compliance with antitrust laws,
The musician was in the Oval Office for the signing of an executive order against ticket price gouging. Meanwhile, a Lady Gaga tour kicked off Ticketmaster's latest fiasco.
The lawsuit from investors pointed to statements from the company downplaying allegations that it violated antitrust laws.
Live Nation to Pay $20M to Settle Lawsuit Claiming It Failed to Warn Investors About Antitrust Risks
Live Nation agreed to pay $20 million to settle an lawsuit claiming the concert giant failed to warn investors about the risk of antitrust problems.
Live Nation Entertainment shares turned lower after the market close on Monday following reports President Donald Trump is preparing to sign an executive order to stop ticket scalping.
The U.S. Department of Justice Antitrust Division and state antitrust authorities have plausibly alleged that Live Nation engaged in illegal tying
It comes as Live Nation continues to face an antitrust lawsuit brought by the US Department of Justice and numerous state attorneys general.