Also this week: Virgin Music Group announces a strategic relationship with a Japanese anime company, Believe acquires a stake in Global Records and more.
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.
Authorities are investigating whether hackers accessed company databases, though a source says there's no proof that fan accounts were compromised.
A shadowy group is attempting to sell user payment details and other data for $500,000 via an illegal online marketplace.
The lawsuit is expected to charge that the concert giant has a monopoly on event ticketing through Ticketmaster.
Legislation by Assemblymember Buffy Wicks that would have forced the company to share its inventory with resale sites was watered down after widespread industry pushback.
Shareholders are suing the concert giant over drops in the company's share price they say resulted from its lack of transparency.
With consumer sentiment improving and recession risks fading, 2024 is shaping up to be another record-breaker.
