The Justice Department sued Ticketmaster and its parent company Live Nation on Thursday, accusing the ticketing companies of blocking competition in the live entertainment industry.
The credit ratings agency cited the DOJ's antitrust lawsuit against the company as the reason for the downgrade.
Prosecutors argue Live Nation used its Ticketmaster ticketing monopoly to suppress competition, the latest in several actions to rein in the power of big corporations across America.
The United States Department of Justice and 30 state attorneys general filed a lawsuit against Live Nation Entertainment, the parent company of Ticketmaster, for alleged monopolistic practices. Live Nation and Ticketmaster merged in 2010, creating a dominant entertainment machine that controls the majority of ticket sales and venue bookings in the country. "Live Nation suffocates its competition using a variety of tactics, from acquisitions of smaller regional promoters and venues, to threats and retaliation to agreements with rivals," said U.S. Attorney General Merrick Garland in a press conference on Thursday.
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Director Rachel Mason told Yahoo Entertainment that she hopes looking back at the Stauffers’ story will shed light on how “reactionary and polarized” the internet has become.
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Amazon is working on a higher, more-advanced tier of Alexa for which it may charge as much as $10 per month.
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2025 Porsche Cayenne GTS adds another rung to the luxury performance SUV ladder that's as good as those above and below it.
For three minutes, Mr. October laid out in stunning detail what it was like to be a Black player in Alabama in 1967.