The Department of Justice (DOJ) has issued new information requests as part of its ongoing antitrust investigation into Live Nation and Ticketmaster's business practices. Officials from the DOJ's Antitrust Division have expressed frustration with Ticketmaster executives' slow response to previous information requests.

The investigation centers on Live Nation's compliance with the consent decree established during the 2010 Ticketmaster merger. This decree, which placed restrictions on the relationship between Live Nation's tour promotion and venue businesses, was extended by five years in 2019 following alleged violations.

Key developments in the investigation:

• The investigation predates the 2022 Taylor Swift Eras Tour ticketing controversy
• Senators have accused Live Nation of "egregiously stonewalling" the investigation
• Live Nation claims the Senate committee hasn't provided adequate confidentiality assurances
• While legal action was expected by end of 2023, it may now extend into 2024

Recent market developments show Live Nation's stock has responded positively to Q3 2024 earnings, with executives expressing optimism about a potential return to traditional antitrust approaches.

Live Nation continues to deny all allegations of anti-competitive conduct while the DOJ investigation remains active.

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