Key TakeawaysThe S&P 500 fell 0.2% on Tuesday, April 16, 2024, as Federal Reserve Chair Powell suggested it might be a while before the central bank cuts interest rates.Shares of Live Nation plunged amid reports that the Justice Department plans to file an antitrust lawsuit against the live event ticketing firm.Super Micro Computer shares pushed higher after Loop Capital boosted its price target on the stock, highlighting its recent inclusion on the S&P 500. Major U.S. equities indexes were mixed on Tuesday ...

Live Nation Entertainment (NYSE:LYV) stock is a hot topic among traders on Tuesday as the global entertainment company is facing a potential antitrust probe from the Justice Department.According to recent reports, the Justice Department is planning to file an antitrust lawsuit against Live Nation Entertainment in the coming weeks. At the heart of this are concerns that the company is allegedly taking part in anticompetitive practices.These concerns come after claims that the ticket seller’s subsidiary Ticke ...

Live Nation Entertainment Inc (NYSE:LYV) stock is down 6.7% to trade at $92.80 at last check, after the Wall Street Journal yesterday reported the Department of Justice (DoJ) is getting ready to file an antitrust lawsuit against the Ticketmaster parent over the next few weeks, alleging it used its market prominence to stifle competition for live ticketed events.LYV is today gapping below the 60-day moving average for the first time since February, as it pulls back from a March 28, 52-week high of $107.24. T ...

Key TakeawaysLive Nation Entertainment shares fell in extended trading Monday after The Wall Street Journal reported that the DOJ is preparing to file an antitrust lawsuit against the company.The DOJ will allege that the ticket seller has used it dominance in the marketplace to undermine competition for ticketing live events, sources told the Journal.The Live Nation Entertainment share price may find a confluence of support around $91 from a 12-month uptrend line and the 200-day moving average. Shares in Ti ...

Live Nation reportedly may be facing an antitrust lawsuit as early as May.The Justice Department is preparing to sue the concert promotion and ticketing company after investigating its size and negotiating power in its field, The Wall Street Journal (WSJ) reported Monday (April 15).The suit will allege that Live Nation, which is the parent company of Ticketmaster, has used its dominance in the field of ticketing for live events to undermine competition, according to the report.A Ticketmaster spokeswoman tol ...

Live Nation is expected to be hit with an antitrust lawsuit as soon as next month, The WSJ reported.The anticipated suit follows a probe into the concert giant's handling of ticket and venue negotiations.Live Nation, which owns Ticketmaster, has long faced criticism over its ticket fees. NEW LOOK Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Read preview Thanks for signing up! Access your favorite topics in a personalized feed while y ...

The Justice Department is preparing to file an antitrust lawsuit against Live Nation as soon as next month, the Wall Street Journal reported on Monday, citing people familiar with the matter.Live Nation’s subsidiary Ticketmaster, which for decades has been condemned for hardball tactics and high prices, was also widely criticized in 2022 after botched ticket sales for Taylor Swift’s “Eras” tour, feeding demands that the two companies be investigated for harming consumers.The lawsuit would allege that Live N ...

Alicia Keys, Erykah Badu, and Teyana Taylor to Advise Emerging Creatives Across Various Disciplines, Alongside MUSE Mentors, Rapsody, Trina, and Amber RileyLOS ANGELES, April 10, 2024 /PRNewswire/ -- Femme It Forward (FIF), the multi-format music and entertainment company dedicated to celebrating, educating, empowering, and mentoring female visionaries, announces the expansion of its mentorship endeavors with the launch of "MUSE" (Musicians Uplifting Stars Everyday), a new Mentorship Program specifically cr ...

Key PointsLive Nation is the largest live music concert events promoter in the world, with over 50,000 concerts attended by more than 145 million fans in 2023.Live Nation promoted the highest sales-generating concert tour of all time, Taylor Swift's The Eras Tour.The company expects 2024 to continue seeing growth even as revenues surged 36% YoY to $22.7 billion in 2023.5 stocks we like better than Live Nation EntertainmentLive Nation Entertainment Inc. NYSE: LYV is the global leader in live music and entert ...

After a massive two-year rebound in concerts, Ticketmaster parent company Live Nation Entertainment Inc. is hoping to keep the momentum going for its top and bottom lines — in part via efforts to upsell customers on premium-tier offerings and to price tickets based more directly on concertgoer demand. The company, during its quarterly earnings call on Thursday, said it still had plenty of room to expand its so-called platinum ticket offerings — those that use “dynamic pricing,” in which prices are tied to f ...