DOJ probing Live Nation for possible collusion - Bloomberg

Luke Juricic

Thu, May 15, 2025, 2:36 PM 1 min read

Investing.com -- The U.S. Department of Justice is conducting a transgression antitrust probe into Live Nation Entertainment Inc (NYSE:LYV) and AEG Presents implicit their refund policies during the 2020 pandemic, according to Bloomberg News. The probe is examining whether the companies illegally coordinated their responses to wide performance cancellations successful aboriginal Covid lockdowns.

Live Nation, the genitor institution of Ticketmaster, and its CEO Michael Rapino are among those nether scrutiny, radical acquainted with the substance said. Prosecutors are besides looking into however the companies whitethorn person worked with artists and endowment agencies to negociate losses.

The investigation, which began nether the Biden administration, has intensified nether President Donald Trump. DOJ prosecutors are continuing interviews and reviewing interior documents, though nary charges person been filed.

Live Nation shares fell 2.6% Thursday, reflecting concerns implicit heightened regulatory risk. The institution has had erstwhile run-ins with antitrust regulators, but a transgression probe marks a important escalation successful oversight.

“It is not amerciable for creator agents, promoters and ticketing companies to enactment unneurotic to lick the unprecedented challenges of a planetary pandemic,” said Dan Wall, Live Nation’s EVP of firm and regulatory affairs. “We did not collude with AEG oregon anyone else.”

Related articles

DOJ probing Live Nation for imaginable collusion - Bloomberg

Constellation Brands jumps arsenic Berkshire raises stake

CrowdStrike CEO Kurtz said ’not riding disconnected into sunset’, remains ample shareholder