Justice Department Preparing Antitrust Lawsuit Against Live Nation Over Ticketing Market Dominance

U.S. Justice Department expected to file antitrust lawsuit against Live Nation as soon as next month
Lawsuit would claim Live Nation has leveraged its commanding share of live event ticketing market in a way that undermines competition
Follows criticism of Ticketmaster's handling of Taylor Swift "Eras" tour ticket sales in 2022
U.S. senators slammed Live Nation in January 2023 hearing over lack of transparency, fees, and inability to block bot purchases
Live Nation shares dropped about 6% in extended trading following news of potential lawsuit