The Justice Department is reportedly gearing up to file a federal antitrust lawsuit against Live Nation, the parent company of Ticketmaster, over concerns of monopolistic practices in the ticketing industry. Live Nation and Ticketmaster have faced criticism for alleged price hikes on live entertainment tickets. Despite previous approval of their merger in 2010, lawmakers have raised questions about anticompetitive behavior. Live Nation has defended itself, stating that ticket prices are determined by artists and venues, not by Ticketmaster. The lawsuit is expected to be filed in the coming weeks.
