: Live Nation reportedly focus of Justice Department antitrust probe


Ticketmaster parent Live Nation Entertainment Inc. LYV, -7.84% is expected to become the focus of an antitrust suit from the U.S. Department of Justice by the end of the year, according to a report late Friday. Citing three unidentified sources close to the matter, Politico reported Friday that the DoJ intends to claim Live Nation is abusing its power in the live music industry. A request for comment from the DoJ was not returned as of publication time. A new case would add to the embattled company’s many policy and legal battles, which, if successful, could lead to a breakup of the company, Politico had reported previously. Earlier in the month, JetBlue Airways Corp. JBLU, +1.95% said it was unwinding a joint venture with American Airlines Group Inc. AAL, +1.33% after a court ruling in May siding with the DoJ.

This article was originally published by Marketwatch.com. Read the original article here.

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