DOJ Announces Live Nation Board Resignations

Two Endeavor Group executives resigned from Live Nation Entertainment's board after DOJ expressed concerns that their positions there “created an illegal interlocking directorate,” the department said Monday. Endeavor and Live Nation “compete closely in many sports and entertainment markets,” DOJ said in announcing the resignations of Endeavor CEO Ariel Emanuel and President Mark Shapiro. Executives aren’t allowed to hold “board positions on companies that compete with each other,” noted acting Assistant Attorney General-Antitrust Richard Powers. Live Nation didn’t comment.