Live Nation Antitrust Lawsuit Could Collapse Under Trump's DOJ Leadership

Live Nation Antitrust Lawsuit Could Collapse Under Trump's DOJ Leadership

By Marcus Hartley

November 18, 2024 at 03:48 AM

The U.S. Department of Justice's antitrust lawsuit against Live Nation and Ticketmaster may face an uncertain future under Trump's potential administration, following his selection of Matt Gaetz as Attorney General.

DOJ headquarters building in Washington DC

DOJ headquarters building in Washington DC

Photo Credit: Coolcaesar / CC by 3.0

Gaetz, known for his criticism of the DOJ and FBI, would need Senate confirmation before taking office. Justice Department officials have expressed concerns about his qualifications, with one official telling NBC News he is "uniquely unqualified" for the position.

The implications for Live Nation's antitrust case could be significant. Live Nation President Joe Berchtold expressed optimism during a recent earnings call, stating they anticipate "a return to the more traditional antitrust approach" with minimal government intervention.

The original lawsuit, filed in May 2024, alleges Live Nation uses its dominant position as concert promoter, ticket seller, and venue owner to stifle competition. Under Biden's DOJ, potential remedies included breaking up Live Nation and Ticketmaster.

Live Nation plans to engage with the new administration once DOJ appointments are finalized. The company views the current case as reflecting an "interventionist philosophy" that differs from traditional Republican administration approaches.

The outcome of this situation remains dependent on both Senate confirmation of Gaetz and subsequent DOJ policy directions under a potential Trump administration.

Businessman checking phone with charts

Businessman checking phone with charts

Emmy Feldman in white shirt

Emmy Feldman in white shirt

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Colorful YouTube gift jewel icons

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