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Judge rejects Live Nation bid to dismiss U.S. lawsuit claiming it monopolized live concerts
A federal judge has rejected Live Nation Entertainment’s attempt to dismiss a U.S. lawsuit accusing it of monopolizing the live concert industry, clearing the way for a potential antitrust trial. The lawsuit, filed by the Department of Justice and 39 states, alleges Live Nation monopolizes markets for ticketing, concert-booking, venues, and promotions. Shares of Live Nation fell after the decision, which stated there is a genuine dispute over whether the company used monopoly power to block competition.