Revenge of the Swifties, courtesy of a potential antitrust lawsuit.Shares of Ticketmaster parent company Live Nation Entertainment (LYV 0.06%) plunged this week, falling 11.2% through Friday trading at noon ET, according to data from S&P Global Market Intelligence.Live Nation merged with Ticketmaster in 2010, creating a dominant ticketing company for the highest-profile concerts. However, this week The Wall Street Journal reported the Department of Justice is preparing to sue Live Nation for alleged antitru ...

LOS ANGELES, April 18, 2024 /PRNewswire/ -- Live Nation Entertainment, Inc. (NYSE: LYV), the world's leading live entertainment company, will release its first quarter financial results after market hours on Thursday, May 2, 2024. Michael Rapino, Live Nation Entertainment's President and Chief Executive Officer, will host a teleconference that day at 2:00 p.m. PT (5:00 p.m. ET) to discuss the company's financial performance, operational outlook, and other forward-looking matters. A live webcast of the call ...

WASHINGTON, DC - JANUARY 24: Amy Edwards demonstrates against the live entertainment ticket industry ... [+] outside the U.S. Capitol January 24, 2023 in Washington, DC. The Senate Judiciary Committee is holding a hearing this morning to explore whether the merger of Live Nation and Ticketmaster has stifled competition and harmed the consumer marketplace. (Photo by Drew Angerer/Getty Images)Getty ImagesThe U.S. Department of Justice plans to file an antitrust lawsuit against Live Nation, according to the Wa ...

Key TakeawaysThe S&P 500 fell 0.2% on Tuesday, April 16, 2024, as Federal Reserve Chair Powell suggested it might be a while before the central bank cuts interest rates.Shares of Live Nation plunged amid reports that the Justice Department plans to file an antitrust lawsuit against the live event ticketing firm.Super Micro Computer shares pushed higher after Loop Capital boosted its price target on the stock, highlighting its recent inclusion on the S&P 500. Major U.S. equities indexes were mixed on Tuesday ...

Live Nation Entertainment (NYSE:LYV) stock is a hot topic among traders on Tuesday as the global entertainment company is facing a potential antitrust probe from the Justice Department.According to recent reports, the Justice Department is planning to file an antitrust lawsuit against Live Nation Entertainment in the coming weeks. At the heart of this are concerns that the company is allegedly taking part in anticompetitive practices.These concerns come after claims that the ticket seller’s subsidiary Ticke ...

Live Nation Entertainment Inc (NYSE:LYV) stock is down 6.7% to trade at $92.80 at last check, after the Wall Street Journal yesterday reported the Department of Justice (DoJ) is getting ready to file an antitrust lawsuit against the Ticketmaster parent over the next few weeks, alleging it used its market prominence to stifle competition for live ticketed events.LYV is today gapping below the 60-day moving average for the first time since February, as it pulls back from a March 28, 52-week high of $107.24. T ...

Key TakeawaysLive Nation Entertainment shares fell in extended trading Monday after The Wall Street Journal reported that the DOJ is preparing to file an antitrust lawsuit against the company.The DOJ will allege that the ticket seller has used it dominance in the marketplace to undermine competition for ticketing live events, sources told the Journal.The Live Nation Entertainment share price may find a confluence of support around $91 from a 12-month uptrend line and the 200-day moving average. Shares in Ti ...

Live Nation reportedly may be facing an antitrust lawsuit as early as May.The Justice Department is preparing to sue the concert promotion and ticketing company after investigating its size and negotiating power in its field, The Wall Street Journal (WSJ) reported Monday (April 15).The suit will allege that Live Nation, which is the parent company of Ticketmaster, has used its dominance in the field of ticketing for live events to undermine competition, according to the report.A Ticketmaster spokeswoman tol ...

Live Nation is expected to be hit with an antitrust lawsuit as soon as next month, The WSJ reported.The anticipated suit follows a probe into the concert giant's handling of ticket and venue negotiations.Live Nation, which owns Ticketmaster, has long faced criticism over its ticket fees. NEW LOOK Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Read preview Thanks for signing up! Access your favorite topics in a personalized feed while y ...

The Justice Department is preparing to file an antitrust lawsuit against Live Nation as soon as next month, the Wall Street Journal reported on Monday, citing people familiar with the matter.Live Nation’s subsidiary Ticketmaster, which for decades has been condemned for hardball tactics and high prices, was also widely criticized in 2022 after botched ticket sales for Taylor Swift’s “Eras” tour, feeding demands that the two companies be investigated for harming consumers.The lawsuit would allege that Live N ...