The company also said that breaking it up would not result in lower ticket prices or fees.
Live Nation stock dropped more than 5% in trading on Thursday morning.
The Beverly Hills, California-based company is the countrys largest concert promoter.
Live Nation Entertainment’s control over the U.S. concert ticket market got a fresh wave of scrutiny after its botched handling of demand for Taylor Swift’s Eras Tour.Photo: Drew Angerer (Getty Images)
That deal gave Live Nation Entertainmentcontrol of more than 70% of the ticketing and live events market.
That consent decree was laterextendedto 2025 and an independent monitor was appointed to investigate further allegations.
Thats failed, miserably.
The truth is structural remedies are the only way to solve for it.
Wall in March fired back against assumptions about his companies dominance and control over surging ticket prices.
Anyone with a basic understanding of the industry knows this.
Those who perpetuate this falsehood are cynical at best.
They do a disservice to consumers and to rational political discourse.
This article originally appeared onQuartz.
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It was a disaster and fans are blaming Ticketmaster.
