DOJ probing Live Nation for possible collusion - Bloomberg

May 15, 2025 02:36 PM PDT | By EODHD

Google News:

DOJ probing Live Nation for possible collusion - Bloomberg — Image source: Kalkine Media

Recent News

Brink's Company Shows Upward Momentum Despite Earnings Lag NYSE Compos...

KeyCorp (NYSE:KEY) Cuts Stake by Financial Firm Amid Market Russell 10...

Royal Caribbean Cruises Ltd Shares Surge Amid Positive Growth Sentimen...

Primerica’s (NYSE:PRI) Strong ROE Signals Stable Growth Amid Steady Ea...

Investing.com -- The U.S. Department of Justice is conducting a criminal antitrust investigation into Live Nation Entertainment Inc (NYSE:LYV) and AEG Presents over their refund policies during the 2020 pandemic, according to Bloomberg News. The probe is examining whether the companies illegally coordinated their responses to mass concert cancellations in early Covid lockdowns. Advertisement: High Yield Savings Offers Earn 4.10% APY** on balances of $5,000 or more View Offer Earn up to 4.00% APY with Savings Pods View Offer Earn up to 3.80% APY¹ & up to $300 Cash Bonus with Direct Deposit View Offer Powered by Money.com - Yahoo may earn commission from the links above. Live Nation, the parent company of Ticketmaster, and its CEO Michael Rapino are among those under scrutiny, people familiar with the matter said.

Prosecutors are also looking into how the companies may have worked with artists and talent agencies to manage losses. The investigation, which began under the Biden administration, has intensified under President Donald Trump. DOJ prosecutors are continuing interviews and reviewing internal documents, though no charges have been filed. Live Nation shares fell 2.6% Thursday, reflecting concerns over heightened regulatory risk. The company has had previous run-ins with antitrust regulators, but a criminal probe marks a significant escalation in oversight.

“It is not illegal for artist agents, promoters and ticketing companies to work together to solve the unprecedented challenges of a global pandemic,” said Dan Wall, Live Nation’s EVP of corporate and regulatory affairs. “We did not collude with AEG or anyone else.” Related articles DOJ probing Live Nation for possible collusion - Bloomberg American Axle to pursue secondary listing in U.K. after Dowlais deal Constellation Brands jumps as Berkshire raises stake View Comments

Disclaimer

The content, including but not limited to any articles, news, quotes, information, data, text, reports, ratings, opinions, images, photos, graphics, graphs, charts, animations, and video (Content) is a service of Kalkine Media LLC., having Delaware File No. 4697309 (“Kalkine Media, we or us”) and is available for personal and non-commercial use only. The principal purpose of the Content is to educate and inform. The Content does not contain or imply any recommendation or opinion intended to influence your financial decisions and must not be relied upon by you as such. Some of the Content on this website may be sponsored/non-sponsored, as applicable, but is NOT a solicitation or recommendation to buy, sell or hold the stocks of the company(s) or engage in any investment activity under discussion. Kalkine Media is neither licensed nor qualified to provide investment advice through this platform. Users should make their own enquiries about any investments and Kalkine Media strongly suggests the users to seek advice from a financial adviser, stockbroker or other professional (including taxation and legal advice), as necessary. Kalkine Media hereby disclaims any and all the liabilities to any user for any direct, indirect, implied, punitive, special, incidental or other consequential damages arising from any use of the Content on this website, which is provided without warranties. The views expressed in the Content by the guests, if any, are their own and do not necessarily represent the views or opinions of Kalkine Media.
The content published on Kalkine Media also includes feeds sourced from third-party providers. Kalkine does not assert any ownership rights over the content provided by these third-party sources. The inclusion of such feeds on the Website is for informational purposes only. Kalkine does not guarantee the accuracy, completeness, or reliability of the content obtained from third-party feeds. Furthermore, Kalkine Media shall not be held liable for any errors, omissions, or inaccuracies in the content obtained from third-party feeds, nor for any damages or losses arising from the use of such content. Some of the images/music that may be used on this website are copyrighted to their respective owner(s). Kalkine Media does not claim ownership of any of the pictures/music displayed/used on this website unless stated otherwise. The images/music that may be used on this website are taken from various sources on the internet, including paid subscriptions or are believed to be in public domain. We have used reasonable efforts to accredit the source (public domain/CC0 status) to where it was found and indicated it, as necessary.
This disclaimer is subject to change without notice. Users are advised to review this disclaimer periodically for any updates or modifications.