The Department of Justice is keeping a close eye on the music business in light of the mega-merger between Live Nation and Ticketmaster.
Justice has been contacting several independent music companies to see if they are experiencing any negative effects following the merger — which has been approved but still must pass muster with a Washington judge.
The all-stock merger, approved by Justice in January, created a new entity called Live Nation Entertainment which dominates tours, management and ticketing. Ticketmaster alone sells billions of dollars of tickets each year while Live Nation is a hugely powerful tour promoter.
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