May 15 (Reuters) - The U.S. Justice Department is
conducting a criminal antitrust probe of AEG and Live Nation's
response to concert cancellations at the beginning of
the pandemic in 2020, Bloomberg News reported on Thursday,
citing people with knowledge of the matter.
The probe is focused on whether the companies colluded on
refund policies for cancelled concerts, according to the report.
Collusion with competitors can be a criminal offense under
antitrust laws.
Spokespeople for the companies and the DOJ did not
immediately respond to requests for comment on Thursday.
The DOJ has filed a separate civil case seeking to break up
Live Nation, and accusing the company and its TicketMaster unit
of illegally inflating concert ticket prices and hurting
artists.