Click to access 8cb62588-full.pdf

Click to access USvLiveNationEntertainmentIncAnswer3282025.pdf

https://www.justice.gov/archives/opa/pr/justice-department-sues-live-nation-ticketmaster-monopolizing-markets-across-live-concert#:~:text=Ticketmaster%20LLC%20is%20a%20wholly,tickets%20at%20a%20later%20time.

Ticketmaster. Live Nation’s principal competitor, AEG, has an approximately 30% ownership
stake in Anschutz Spectacor Management (“ASM Global” ), a venue management company that
manages more than 30 arenas in the United States.

Defendants admit that Ticketmaster has a commercial relationship with ASM Global.

ASM Global resulted from a 2019 merger
between AEG Facilities and Spectacor Management Group (“SMG”). Before the merger, SMG’s
legacy venues had used Ticketmaster as their exclusive primary ticketer, and AEG Facilities’
legacy venues had used AXS as their exclusive primary ticketer. Through its minority interest in
ASM Global, AEG advocated for AXS to serve as the exclusive primary ticketer for the ASM
Global venues AEG now partially owned. But ASM Global’s majority shareholder Onex worried
that Live Nation would retaliate by withholding shows from ASM Global venues ifASM Global
entirely switched away from using Ticketmaster.