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Stay Nation Leisure could face an antitrust lawsuit from the Justice Division as quickly as subsequent month, The Wall Road Journal stories. The company started investigating the Ticketmaster mum or dad for potential abuses of energy in 2022, amid outcry over varied ticketing failures for Taylor Swift’s Eras Tour. The lawsuit would allege that Stay Nation’s live performance promotion and ticketing operations have undermined competitors within the dwell music market, The Journal stories, citing sources acquainted with the matter.
The present investigation is the most recent, and deepest, in a string of inquiries into Stay Nation follow because the firm merged with Ticketmaster in 2010. At challenge are allegations of excessive charges, flawed customer support, and unfair leverage of market dominance, all of which pre-date the Eras Tour debacle.
Ticketmaster now holds greater than 80 p.c the first ticket gross sales market within the greatest U.S. venues, The Wall Road Journal stories. Ticketmaster denies holding a monopoly, and a spokesperson informed The Journal that the corporate has extra competitors than ever. Stay Nation’s head of company affairs, Dan Wall, added in a press release to The Journal, “If it’s a must to hone in on one slice of the market with the intention to allege a monopoly, then there isn’t one.”
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