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New Hampshire joins antitrust lawsuit against Live Nation

Officials say company drives up ticket prices

New Hampshire joins antitrust lawsuit against Live Nation

Officials say company drives up ticket prices

AND NEW HAMPSHIRE STATE LEADERS SAY THE WORK TO GIVE CUSTOMERS áMORE OPTIONS AT CHEAPER PRICES.. IS JUST BEGINNING.. <NH FANS ARE SEEING MUCH HIGHER MARKS UP THAN MANY OTHER FANS AROUND THE COUNTRY.> THAT'S WHY NEW HAMPSHIRE ATTORNEY GENERAL JOHN FORMELLA SAYS THE GRANITE STATE IS JOINING THE DEPARTMENT OF JUSTICE.. AND ááTHIRTY OTHER STATES.. IN FILING AN ANTI TRUST LAWSUIT AGAINST TICKET MASTER AND IT'S OWNER.. LIVE NATION ENTERTAINMENT. THE COMPLAINT ALLEGES THE COMPANY IS MONOPOLIZING CONCERT TICKET SALES. <BECAUSE OF THE MARKET POWER THEY'VE GAINED, THEY'VE LOCKED UP AGREEMENTS WITH VENDORS, WITH ARTISTS, AND THEY CONTROL THE TICKET PROCESS. > THE LAWSUIT ACCUSES LIVE NATION OF INTIMIDATING SMALLER PROMOTERS AND PLAYING A PART IN LIMITING VENUES TICKETING SERVICE CHOICES. SOME PEOPLE SAY THEY'RE JUST LOOKING FOR FEWER FEES AND LOWER PRICES.. <WHEN IT'S JUST ONE COMPANY THAT HAS THE CONTROL THERE'S NO INCENTIVE TO GET BETTER> <THEY'RE FRUSTRATED WITH HIGH PRICES, THEYRE FRUSTRATED WITH TICKET MASTER AND HOW IT WORKS, THEY'RE FRUSTRATED WITH A LACK OF CUSTOMER SERVICE. SO I THINK PEOPLE WILL RESPOND VERY POSITIVELY TO THIS LAWSUIT> THE LAWSUIT CALLS FOR LIVE NATION TO DIVEST TICKET MASTER, STOP THEIR ALLEGED ANTICOMPETITIVE PRACTICES AND GIVE MONEY BACK TO FANS THEY SAY WERE OVERCHARGED. <THIS IS A UNIQUE CASE IN THAT THERE IS BROAD, BIPARTISAN AGREEMENT THAT WE WANT STRUCTURAL RELIEF. WE WANT LIVE NATION TO BE FORCED TO SELL TICKET MASTER. > IN A STATEMENT -- LIVE NATION ENTERTAINMENT SAYS THIS LAWSUIT: "IGNORES EVERYTHING THAT IS ACTUALLY RESPONSIBLE FOR HIGHER TICKET PRICES, FROM RISING PRODUCTION COSTS, TO ARTIST POPULARITY, TO 24/7 ONLINE TICKET SCALPING THAT REVEALS THE PUBLIC'S WILLINGNESS TO PAY FAR MORE THAN PRIMARY TICKET PRICES." ADDING... "WE ARE ANOTHER CASUALTY OF THIS ADMINISTRATION'S DECISION TO TURN OVER ANTITRUST ENFORCEMENT TO A POPULIST URGE THAT SIMPLY REJECTS HOW ANTITRUST LAW WORKS." LIVE NATION SAYS IT
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New Hampshire joins antitrust lawsuit against Live Nation

Officials say company drives up ticket prices

New Hampshire is one of 30 states joining the U.S. Department of Justice in filing an antitrust lawsuit against Ticketmaster's parent company, Live Nation Entertainment.Officials said the company is forcing out competition and driving ticket prices up for fans. The New Hampshire attorney general's office said Live Nation is intimidating smaller promoters from selling tickets to fans and trying to lock in venues with long-term agreements. Officials said those actions are monopolizing the live entertainment industry.The attorney general's office said it hopes the lawsuit helps give fans better choices at lower prices. Officials said they're holding Live Nation accountable for exercising its power over performers, venues and independent promoters to discourage competition and by threatening to pull tours controlled by the company from venues if they sign with a rival ticket company. >> Download the free WMUR app to get updates on the go: Apple | Google Play <<The attorney general's office said Granite Staters are paying some of the highest ticket markup rates in the country when it comes to the face value of a ticket, affecting venues like SNHU Arena and Bank of New Hampshire Pavilion. The lawsuit is asking for Live Nation to be separated from Ticketmaster and for refunds for customers who have been overcharged. "Even after Live Nation divests from Ticketmaster, they need to stop the other anti-competitive practices, so that's what the lawsuit asks for," said Attorney General John Formella.He said antitrust lawsuits can take years to come to a resolution, and it could go to trial.Live Nation told the Associated Press that the allegations are baseless, saying the lawsuit "won't solve the issues fans care about relating to ticket prices, service fees and access to in-demand shows."

New Hampshire is one of 30 states joining the U.S. Department of Justice in filing an antitrust lawsuit against Ticketmaster's parent company, Live Nation Entertainment.

Officials said the company is forcing out competition and driving ticket prices up for fans.

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The New Hampshire attorney general's office said Live Nation is intimidating smaller promoters from selling tickets to fans and trying to lock in venues with long-term agreements. Officials said those actions are monopolizing the live entertainment industry.

The attorney general's office said it hopes the lawsuit helps give fans better choices at lower prices. Officials said they're holding Live Nation accountable for exercising its power over performers, venues and independent promoters to discourage competition and by threatening to pull tours controlled by the company from venues if they sign with a rival ticket company.

>> Download the free WMUR app to get updates on the go: Apple | Google Play <<

The attorney general's office said Granite Staters are paying some of the highest ticket markup rates in the country when it comes to the face value of a ticket, affecting venues like SNHU Arena and Bank of New Hampshire Pavilion.

The lawsuit is asking for Live Nation to be separated from Ticketmaster and for refunds for customers who have been overcharged.

"Even after Live Nation divests from Ticketmaster, they need to stop the other anti-competitive practices, so that's what the lawsuit asks for," said Attorney General John Formella.

He said antitrust lawsuits can take years to come to a resolution, and it could go to trial.

Live Nation told the Associated Press that the allegations are baseless, saying the lawsuit "won't solve the issues fans care about relating to ticket prices, service fees and access to in-demand shows."