U.S. Justice Department preparing legal action against Live Nation: source
(Reuters) - The U.S. Justice Department is preparing to take legal action against Live Nation Entertainment (LYV.N) on allegations the concert promoter has sought to strong-arm concert venues into using its dominant Ticketmaster subsidiary, a source familiar with the planned legal action said on Friday.
The department believes the concert promoter’s conduct has violated the merger settlement Live Nation and Ticketmaster reached with the government in 2010 and plans to file a decree enforcement action, the source said.