Government Likely to Sue Ticketmaster Parent over Competition Concerns and High Prices

Ticketmaster controls about 70% of the primary ticket market and over 80% of major concerts, giving it immense market power
The DOJ allowed the Ticketmaster-Live Nation merger in 2010 but it has not resulted in more competition
The government is likely to sue Live Nation for anti-competitive behavior like excessively raising prices
Ticketmaster says it doesn't set prices, but it negotiates service fees with venues that get a cut
Breaking up the company could introduce more competition and better prices for consumers