The music industry is facing a major shakeup as the antitrust lawsuit against Live Nation, the world’s largest concert promoter, has been widened. The lawsuit, originally filed by the Justice Department in 2020, alleges that Live Nation has used its market power to stifle competition and raise prices for concertgoers. The updated complaint adds new allegations, including claims that Live Nation has entered into exclusive deals with artists and venues to prevent competitors from accessing them. The case could have far-reaching implications for the music industry and the way live events are promoted and priced.
