U.S. government plans to sue Ticketmaster parent Live Nation for antitrust

The Department of Justice and a group of U.S. state attorneys general on Thursday plan to sue ticketing giant Live Nation for antitrust, a source familiar with the DOJ’s plans told Axios. Why it matters: The outcome of the legal battle with one of the largest ticketing and live events companies in the U.S. could fundamentally upend the industry.Details: The DOJ plans to announce in a mid-day press conference on Thursday that it is suing Live Nation alongside several states for illegally abusing its monopoly power in live ticketing through its 2010 acquisition of Ticketmaster. It will argue…