Live Nation Entertainment on Thursday said it has reached an agreement with the U.S. Department of Justice, averting a potential legal battle over its ticketing practices. Gen. Makan Delrahim of the Justice Department’s Antitrust Division. AdvertisementThe Department of Justice was preparing to file legal action against Live Nation over allegations that it forced concert venues into using Ticketmaster. The merger of the two companies gave Live Nation vast clout across the music industry, including concert promotion, ticketing and artist management. Live Nation closed at $69.83 a share, up 9%.

Source: Los Angeles Times December 19, 2019 20:37 UTC