The star's attorneys say the move to drop the "frivolous" case was made “unilaterally” by Madonna's accusers after they realized they couldn't extract a settlement payment.
In a statement, the bank said the defense industry "is a sector we remain committed to as an essential part of keeping this country and our allies safe.”
Analysts ponder the financial implications of the DOJ's lawsuit against Live Nation but doubt the company will be forced to separate its concert and ticketing businesses.
AEG is doubling down on its longstanding criticism of Ticketmaster's use of exclusive ticketing contracts — and that could be pivotal in the government's case.
At the NIVA conference in New Orleans this week, several live music experts spoke about the lawsuit against Live Nation, predicting it will take years to play out.
Artist reps say the 20% to 25% cut that venues take of their merchandise sales is exorbitant, especially at clubs: “You’re just providing a lobby and a table."
Authorities are investigating whether hackers accessed company databases, though a source says there's no proof that fan accounts were compromised.
The Billboard Global Music Index fell 2.3% to 1,799.07 this week as the most valuable companies saw share prices drop.
Marciano shared his assessment of the government's antitrust lawsuit in a memo to staff on Friday.
For all the kvetching about Ticketmaster, the idea of the company’s divisions reinforcing one another could be a much bigger problem.
