Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON

MarketScreener Homepage  >  Equities  >  London Stock Exchange  >  Live Company Group Plc    PAA   GB00BGSGT481

LIVE COMPANY GROUP PLC

(PAA)
  Report
SummaryQuotesChartsNewsCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsPress ReleasesOfficial PublicationsSector newsMarketScreener Strategies

U.S. Justice Department preparing legal action against Live Nation

share with twitter share with LinkedIn share with facebook
share via e-mail
0
12/14/2019 | 02:29am EST
A general view of the Department of Justice building is seen ahead of the release of the Special Counsel Robert Mueller's report in Washington

The U.S. Justice Department is preparing to take legal action against Live Nation Entertainment on allegations the concert promoter has sought to strong-arm concert venues into using its dominant Ticketmaster subsidiary, a source familiar with the planned legal action said on Friday.

The department believes the concert promoter's conduct has violated the merger settlement Live Nation and Ticketmaster reached with the government in 2010 and plans to file a decree enforcement action, the source said.

The Wall Street Journal was first to report the planned legal action on Friday.

Live Nation did not respond to a request for comment.

The Justice Department allowed the companies to merge on condition they abide by a range of conditions to keep ticket prices in check, including agreeing https://www.reuters.com/article/us-ticketmaster-livenation-idUSTRE60O4E520100126 to be barred from retaliating against venue owners who use a competing ticket service.

As ticket prices rise and the settlement is set to expire next year, the government now plans to extend the restrictions by several years and prohibit coercive conduct by Live Nation.

With the merger, the company became an entertainment giant that does everything from managing musicians, operating venues, promoting concerts and selling tickets.

In a filing to the U.S. government, Live Nation said it had worked on 35,000 events with more than 4,500 artists in 2018. It also said that Live Nation owns, operates, has exclusive booking rights for or an equity interest in 237 venues, including the House of Blues.

Its management business worked with more than 400 artists, the filing said.

(Reporting by Diane Bartz in Washington and Bharath Manjesh in Bengaluru; Editing by Shailesh Kuber and Daniel Wallis)

share with twitter share with LinkedIn share with facebook
share via e-mail
0
Latest news on LIVE COMPANY GROUP PLC
01/09Hopes for spike in U.S. farm exports to China dim ahead of trade deal signing
RE
01/07EXCLUSIVE : Impossible Foods pulls plug on McDonald's burger talks, shares of Be..
RE
01/07China won't hike grain import quotas for U.S. trade deal - Caixin
RE
01/07EXPLAINER : Ghosn to 'speak freely' after his escape; what's in store?
RE
01/06Data's the secret weapon for Rappi, SoftBank's big bet in Latin America
RE
2019China to lower import tariffs on frozen pork, avocados from January 1
RE
2019LIVE : Bricklive Zoo Programme
PU
2019APPLE HELD TALKS TO ADD JAMES BOND, : Wsj
RE
2019FACEBOOK : Instagram to collect ages in push for youth safety, alcohol ad dollar..
RE
More news
Financials (GBP)
Sales 2019 -
EBIT 2019 -
Net income 2019 -
Debt 2019 -
Yield 2019 -
P/E ratio 2019 -
P/E ratio 2020 -
Capi. / Sales2019 -
Capi. / Sales2020 -
Capitalization 18,5 M
Chart LIVE COMPANY GROUP PLC
Duration : Period :
Live Company Group Plc Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends LIVE COMPANY GROUP PLC
Short TermMid-TermLong Term
TrendsBearishBearishBearish
Income Statement Evolution
Consensus
 
Mean consensus -
Number of Analysts
Average target price
Last Close Price 0,23  
Spread / Highest target -
Spread / Average Target -
Spread / Lowest Target -
EPS Revisions
Managers
NameTitle
John David Nikolas Ciclitira Executive Chairman
Ruth Cunningham Chief Operating Officer
Bryan Lawrie Chief Financial Officer & Director
Andrew James Smith Executive Director & Chief Strategic Officer
Serenella Ciclitira Non-executive Director
Sector and Competitors
1st jan.Capitalization (M$)
LIVE COMPANY GROUP PLC-29.55%24
OMNICOM GROUP, INC.,-1.63%17 525
WPP GROUP-4.41%16 445
HEDY HOLDING CO., LTD.--.--%13 784
PUBLICIS GROUPE3.52%10 982
DENTSU GROUP INC.4.92%9 633