Live Nation has 'broken' the concert industry, Justice Department alleges

An antitrust trial involving Live Nation and Ticketmaster kicked off on March 3.

Federal prosecutors alleged the companies have “illegally used their monopoly power to help themselves."

“Today, the concert ticket industry is broken, in fact the concert industry itself is broken,” U.S. Attorney David Dahlquist said during his opening statement. “It is controlled by a monopolist. It is controlled by Live Nation.”

Live Nation has denied the allegations. Attorney David Marriott said in his opening statement that the company "did not have monopoly power."

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