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Tiger Woods Terminates 27-Year Partnership with Nike, Acknowledges Phil Knight

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  For 27 years, Tiger Woods has been an enduring force in the world of men's golf, symbolizing the ongoing competition in apparel and brand prominence alongside his longstanding affiliation
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Tiger Woods Confirms Participation in 2023 Hero World Challenge

Tiger Woods Confirms Participation in 2023 Hero World Challenge Tiger Woods Confirms Participation in 2023 Hero World Challenge
  Tiger Woods has officially announced his entry into the 2023 Hero World Challenge at Albany in the Bahamas, marking his return to competitive golf. Woods had been sidelined since his
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Gymnast Kara Eaker Retires, Citing Abuse and Lack of Support at University of Utah

Gymnast Kara Eaker Retires, Citing Abuse and Lack of Support at University of Utah Gymnast Kara Eaker Retires, Citing Abuse and Lack of Support at University of Utah
Elite gymnast Kara Eaker has made a public announcement about her retirement from the University of Utah women’s gymnastics team and withdrawal as a student. In her Instagram post, she
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Michigan State Apologizes for Displaying Image of Adolf Hitler at Football Game

Michigan State Apologizes for Displaying Image of Adolf Hitler at Football Game Michigan State Apologizes for Displaying Image of Adolf Hitler at Football Game
Michigan State University issued an apology for displaying an image of Adolf Hitler on the videoboard during a trivia quiz before the school's football game against in-state rivals, the University
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Detroit Tigers Appoint Jeff Greenberg, Former Chicago Blackhawks Executive, as General Manager

Detroit Tigers Appoint Jeff Greenberg, Former Chicago Blackhawks Executive, as General Manager Detroit Tigers Appoint Jeff Greenberg, Former Chicago Blackhawks Executive, as General Manager
    The Detroit Tigers have filled their general manager position with a notable hire. Scott Harris, the President of Baseball Operations who had been leading the Tigers without
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Mayor Wu Presides Over Ryan Playground Reopening Celebration

Mayor Wu Presides Over Ryan Playground Reopening Celebration Mayor Wu Presides Over Ryan Playground Reopening Celebration
  Mayor Michelle Wu and Boston Parks Commissioner Ryan Woods joined the Columbia Savin Hill Civic Association (CSHCA), Dot Art, and local residents of all ages to unveil $1.4 million
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FIFA Introduces Eight Captain's Armbands for 2023 World Cup, Including Rainbow Design

FIFA Introduces Eight Captain's Armbands for 2023 World Cup, Including Rainbow Design FIFA Introduces Eight Captain's Armbands for 2023 World Cup, Including Rainbow Design
  FIFA has unveiled a collection of eight armbands that team captains can wear at the upcoming World Cup in Australia and New Zealand. Among the armbands is one featuring a heart design in
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Excitement Builds for Thrilling Finish at U.S. Open in Los Angeles

Excitement Builds for Thrilling Finish at U.S. Open in Los Angeles Excitement Builds for Thrilling Finish at U.S. Open in Los Angeles
  Rickie Fowler and Rory McIlroy are set to deliver a captivating final round at the U.S. Open on Sunday, as Fowler aims to complete a remarkable comeback and secure his first major title, while
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Lionel Messi Confirms Move to Inter Miami CF in MLS

Lionel Messi Confirms Move to Inter Miami CF in MLS Lionel Messi Confirms Move to Inter Miami CF in MLS
In a surprising announcement, Lionel Messi has revealed that he will be joining Inter Miami CF in Major League Soccer (MLS). The 2022 World Cup champion and seven-time FIFA Ballon d'Or
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Massachusetts Allocates Funding for Free Swimming Lessons to 14 Organizations

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  Governor Maura Healey and Lt. Governor Kim Driscoll have announced that 14 organizations across Massachusetts will receive funding to offer free beginner swimming
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US Justice Department to Sue Live Nation, Owner of Ticketmaster

The US Justice Department (DOJ) is preparing to file a competition lawsuit against entertainment giant Live Nation, potentially as early as Thursday, according to

multiple sources familiar with the matter. The lawsuit will challenge the business practices of Live Nation, the parent company of Ticketmaster, sources confirmed to the BBC's US partner, CBS News.

Allegations of Anti-Competitive Practices

Prosecutors are expected to argue that Live Nation's business practices have stifled competition and limited consumer choice, contributing to higher prices. Typically, when the DOJ sues over competition issues, it seeks to compel companies to either divest parts of their business or alter their operational methods.

The DOJ has not provided comments on the upcoming lawsuit, and Live Nation has also been approached for a statement by the BBC but has yet to respond. The federal government's legal challenge will be supported by numerous state attorneys general, according to the Washington Post, which initially broke the story.

Background and Growing Criticism

Live Nation Entertainment was formed in 2010 from the merger of US-based event promoter Live Nation and ticket sales and distribution company Ticketmaster. The DOJ approved the merger despite concerns it would create a dominant entity in the live entertainment industry.

Since then, Live Nation Entertainment has faced increasing criticism from fans, lawmakers, artists, and competitors for allegedly wielding excessive influence over live entertainment events in the US and globally.

Recent Controversies

In November 2022, Ticketmaster faced widespread backlash from Taylor Swift fans when its website crashed during the pre-sale period for her Eras Tour, exacerbating concerns over the company's dominance and customer service issues.

Market Impact

Following news of the impending DOJ lawsuit, Live Nation's shares dropped by more than 6% in after-hours trading in New York.

The DOJ's anti-trust division has been investigating Live Nation for years, and the anticipated lawsuit marks a significant step in addressing long-standing concerns about competition in the live entertainment sector. Photo by Justin Higuchi from Los Angeles, CA, USA, Wikimedia commons.