The US Justice Department is conducting a criminal antitrust investigation into how Live Nation Entertainment Inc. and AEG Presents handled mass concert cancellations during the early stages of the 2020 pandemic. The probe centers on whether these companies illegally colluded on refund policies for canceled concerts and negotiated with artists to mitigate financial losses. Charges, potentially including those against Live Nation and its CEO Michael Rapino, are being considered by prosecutors involved in the confidential investigation.
— new from Bloomberg.com
