US to sue Ticketmaster owner Live Nation

The US Justice Department (DOJ) is set to file a competition lawsuit against entertainment giant Live Nation as early as Thursday, multiple sources familiar with the matter confirmed to the BBC's US partner, CBS News.

Prosecutors are expected to challenge the Ticketmaster parent company's business practices, the sources said. In many instances, when the DOJ sues over competition issues it seeks to force a firm to split off parts of its business or change how it operates. The DOJ declined to comment when approached by the BBC. The BBC has also requested comment from Live Nation.

The federal government will be joined in its legal challenge by numerous state attorneys general, said the Washington Post, which first reported the story. The lawsuit is expected to allege that the business - which puts on concerts, sells tickets and owns venues - has squeezed out competitors and weakened customer choice, which helped to push up prices.

The move comes after an investigation by DOJ's anti-trust division that spanned years. In 2022, CBS News reported that the Justice Department was looking at the company and its Ticketmaster unit.