WASHINGTON, March 9 -- Sen. Jack Reed issued the following press release:
U.S. Senator Jack Reed (D-RI) is criticizing the U.S. Department of Justice's (DOJ) preliminary settlement with Live Nation, the parent company of Ticketmaster, saying it doesn't go far enough to address competition in the ticketing industry and will leave consumers facing artificially inflated ticket prices. Reed is cheering Rhode Island's decision, along with several other states, to continue pressing their antitrust case in court.
In 2024, the Biden Administration initiated an antitrust law suit against Live Nation, since joined by 40 state attorneys general, including Rhode Island. The suit accuses Live Nation and its Ticketmaster unit of operating as a monopoly...