Live Nation, one of the world’s largest entertainment companies, settled Thursday with the Justice Department to avoid an antitrust lawsuit over its unpopular ticketing practices with Ticketmaster, the ticketing company it bought in 2010.
A 2010 settlement with the DOJ allowed the global concert promoter and massive concert ticketer to merge but prohibited LiveNation from bullying concert venues into using Ticketmaster or punishing them if they went with another ticketing company for 10 years. But despite these prohibitions, the Justice Department said the company “repeatedly and over the course of several years engaged in conduct that violated” the agreement with the government.
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