The U.S. Justice Department is conducting a criminal antitrust probe of Live Nation and AEG’s response to concert cancellations at the beginning of the pandemic in 2020, Live Nation confirmed while denying any collusion on Thursday. The probe is focused on whether the live-event companies colluded on refund policies for canceled concerts, according to an earlier report by Bloomberg News.
Collusion with competitors can be a criminal offense under antitrust laws. Probes do not always result in charges.