New Mexico joins Live Nation lawsuit

NEW MEXICO (KRQE) – New Mexico is joining a federal lawsuit targeting a popular company that sells concert tickets. The lawsuit claimed Live Nation created a monopoly requiring concertgoers to go through Ticketmaster when buying their tickets which led to high prices by reducing competition.

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The suit described Live Nation’s practices as a “self-enforcing flywheel” that generates big profits. Live Nation owns Isleta Amphitheater, one of the state’s largest concert venues. The New Mexico Department of Justice said thousands of New Mexicans have already been affected. “When there is no competition, there is no freedom of choice and that is what is harming New Mexicans fundamentally,” said Assistant Attorney General Jeff Dan Herrera.

New Mexico is one of 39 states, plus Washington D.C., to join the lawsuit.

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