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US Justice Department Investigates Live Nation for Monopolistic Practices
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Live Nation, the parent company of Ticketmaster, is under investigation by the US Justice Department for alleged monopolistic practices in the live show and concert market. The investigation is focused on Live Nation's contracts and their impact on venue choice of promoters and ticketing services. Live Nation's strong earnings are attributed to the success of Taylor Swift and Beyoncé concerts.
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How might the investigation affect the live show and concert market?
What are the potential consequences if Live Nation is found guilty of monopolistic practices?
What measures can be taken to ensure fair competition in the industry?
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