Live Nation EntertainmentNYSE: LYV

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Michael Rapino, the CEO of Live Nation, believes that the ticket company will win against an antitrust lawsuit filed by the US Department of Justice. He shared his thoughts during an interview with Lucas Shaw at Bloomberg Screentime in Los Angeles.

Live Nation Entertainment enjoys strong worldwide interest in live events. However, they face challenges from fierce competition in the ticketing industry and rising expenses.

Live Nation (LYV) shared its earnings report 30 days ago. What can we expect for the stock moving forward?

On August 21, 2024, Live Nation Entertainment, Inc. (NYSE: LYV), a top company in live entertainment, shared that its management will speak at the Bank of America Securities Media, Communications & Entertainment Conference on September 4, 2024, at 7:30 a.m. PT. They will also present at the Goldman Sachs Communacopia & Technology Conference on September 10, 2024, at 10:10 a.m.

In May, the U.S. Department of Justice launched a significant lawsuit against Live Nation-Ticketmaster, claiming that the company is behaving like a monopoly. Recently, 10 more state attorneys general added their support to the case, increasing the total to 39 states and the District of Columbia.

Three months ago, the Justice Department and several states filed a lawsuit to separate Live Nation, claiming that the concert promoter and Ticketmaster raised concert ticket prices unfairly.

On Monday, the U.S. Justice Department announced that ten more states have joined its lawsuit against Live Nation-Ticketmaster for dominating the live concert market.